Economy

Metlife Inc (MET) Lowered to Hold at TheStreet

TheStreet upgraded shares of MetLife, Inc. ValuEngine raised MetLife from a buy rating to a strong-buy rating in a research note on Tuesday, June 27th. The company believes that their unparalleled franchises and brand names uniquely position them to be the preeminent provider of insurance and financial services in the U.S. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a buy rating and issued a $59.00 target price on shares of MetLife in a report on Thursday, August 3rd. J P Morgan Chase & Co assumed coverage on shares of MetLife in a report on Monday, July 24th. Royal Bank Of Canada reaffirmed a buy rating and set a $56.00 price objective on shares of MetLife in a research note on Wednesday, September 6th.

August 11 investment analysts at Barclays held the stock rating at "Overweight" and raised the price target to $60.00 from $53.00. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock now has an average rating of Buy and an average target price of $55.57.

MetLife, Inc. (NYSE:MET) reported its EPS in the last quarter as $1.3/Share beating the analyst estimate of $1.28/Share by a difference of $0.02.

(NYSE:MET) shares saw light trading volume with 751K shares changing hands in the last trading session.

This particular stock's 5-day moving average is 52.32, its 20-day moving average is 50.27 and its 100-day moving average is 48.13. The firm has a market cap of $56.35 billion, a PE ratio of 623.76 and a beta of 1.47. As of the end of the quarter Gwm Advisors LLC had disposed of 63 shares trimming its holdings by 1.6%.

Analysts believe that the company has the potential to earn average revenue of $16.02 Billion for the current quarter. Ray Gerald L & Associate Ltd stated it has 0.27% of its portfolio in Metlife Inc (NYSE:MET). The company's revenue was up 2.5% compared to the same quarter previous year. During the same period in the prior year, the firm posted $0.83 EPS. Analysts expect next quarter's EPS will be $1.09 with next year's EPS anticipated to be $4.80. If you are reading this article on another site, it was illegally stolen and reposted in violation of USA and worldwide copyright law.

MetLife (MET) opened at 53.02 on Wednesday.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. now owns 68,475,870 shares of the financial services provider's stock valued at $3,616,895,000 after buying an additional 66,475,603 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in MetLife during the first quarter valued at approximately $82,954,000. As of the last earnings report the EPS was $0.09 and is estimated to be $4.71 for the current year with 1,062,868,000 shares outstanding. Peoples Bank OH grew its holdings in shares of MetLife by 0.5% in the first quarter. Ltd. now owns 1,656,727 shares of the financial services provider's stock worth $73,608,000 after buying an additional 7,394 shares in the last quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider's stock valued at $143,000 after acquiring an additional 924 shares in the last quarter. Finally, Atria Investments LLC grew its holdings in shares of MetLife by 0.4% in the second quarter.

Metlife Inc.is a leading provider of insurance and financial services to a broad spectrum of individual and institutional customers. The Company's segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. In the United States, the Company provides a range of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities to both individuals and groups.



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