MetLife’s (MET) Buy Rating Reiterated at Langen Mcalenn

MetLife, Inc. (NYSE:MET)‘s stock had its “buy” rating reaffirmed by equities research analysts at Langen Mcalenn in a report issued on Wednesday.

Other analysts have also issued research reports about the stock. TheStreet raised shares of MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 target price on shares of MetLife in a report on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $59.00 target price on shares of MetLife in a report on Thursday, August 3rd. Finally, Argus decreased their target price on shares of MetLife from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $59.17.

MetLife (NYSE MET) opened at 47.95 on Wednesday. The stock’s 50 day moving average is $49.04 and its 200 day moving average is $51.56. MetLife has a one year low of $40.07 and a one year high of $58.09. The company has a market capitalization of $50.96 billion, a PE ratio of 564.12 and a beta of 1.46.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. MetLife’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. On average, analysts anticipate that MetLife will post $4.88 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in MET. Signature Estate & Investment Advisors LLC acquired a new stake in shares of MetLife during the first quarter worth about $107,000. First Personal Financial Services boosted its stake in shares of MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares during the period. Westside Investment Management Inc. boosted its stake in shares of MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,300 shares during the period. Parallel Advisors LLC boosted its stake in shares of MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares during the period. Finally, First Mercantile Trust Co. acquired a new stake in shares of MetLife during the first quarter worth about $149,000. 75.61% of the stock is owned by institutional investors.

MetLife Company Profile

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Analyst Recommendations for MetLife (NYSE:MET)

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