MetLife (NYSE:MET) – Langen Mcalenn decreased their Q1 2018 earnings per share (EPS) estimates for MetLife in a report released on Wednesday, April 11th, according to Zacks Investment Research. Langen Mcalenn analyst L. Greenberg now anticipates that the financial services provider will earn $1.16 per share for the quarter, down from their previous forecast of $1.19. Langen Mcalenn also issued estimates for MetLife’s FY2018 earnings at $4.90 EPS.
A number of other equities research analysts have also recently weighed in on MET. Deutsche Bank started coverage on shares of MetLife in a research note on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective on the stock. Zacks Investment Research cut shares of MetLife from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Wells Fargo cut their price objective on shares of MetLife from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. Goldman Sachs reaffirmed a “buy” rating on shares of MetLife in a report on Wednesday, January 31st. Finally, ValuEngine lowered MetLife from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.75.
Shares of NYSE MET opened at $47.00 on Thursday. MetLife has a fifty-two week low of $43.38 and a fifty-two week high of $55.91. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.29. The stock has a market cap of $48,618.56, a P/E ratio of 9.46, a P/E/G ratio of 0.83 and a beta of 1.24.
MetLife (NYSE:MET) last issued its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). MetLife had a net margin of 5.69% and a return on equity of 8.59%. The company had revenue of $15.79 billion for the quarter, compared to the consensus estimate of $15.89 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in MetLife by 1.5% in the 4th quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock worth $3,700,792,000 after purchasing an additional 1,097,982 shares in the last quarter. Geode Capital Management LLC increased its stake in MetLife by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 10,504,468 shares of the financial services provider’s stock worth $529,964,000 after purchasing an additional 174,242 shares in the last quarter. American Century Companies Inc. increased its stake in MetLife by 10.3% in the 4th quarter. American Century Companies Inc. now owns 6,625,997 shares of the financial services provider’s stock worth $335,010,000 after purchasing an additional 619,487 shares in the last quarter. Pzena Investment Management LLC increased its stake in MetLife by 3.4% in the 4th quarter. Pzena Investment Management LLC now owns 5,789,379 shares of the financial services provider’s stock worth $292,711,000 after purchasing an additional 192,604 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in MetLife by 16.6% in the 4th quarter. Jennison Associates LLC now owns 4,321,402 shares of the financial services provider’s stock worth $218,490,000 after purchasing an additional 613,961 shares in the last quarter. 77.68% of the stock is currently owned by hedge funds and other institutional investors.
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MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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