Metlife (MET) Now Covered by Deutsche Bank

Deutsche Bank started coverage on shares of Metlife (NYSE:MET) in a research note published on Tuesday, Marketbeat reports. The brokerage issued a hold rating and a $55.00 target price on the financial services provider’s stock.

Several other research firms have also recently issued reports on MET. Royal Bank of Canada reaffirmed an outperform rating and set a $60.00 price target (up from $56.00) on shares of Metlife in a research note on Friday, November 3rd. Morgan Stanley raised their price target on shares of Metlife from $55.00 to $56.00 and gave the stock an equal weight rating in a research note on Friday, November 3rd. Argus raised their price target on shares of Metlife from $55.00 to $60.00 and gave the stock a buy rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of Metlife from a strong sell rating to a hold rating in a research note on Monday, October 9th. Finally, FBR & Co cut shares of Metlife from a buy rating to a neutral rating and decreased their price target for the stock from $53.00 to $52.00 in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Metlife presently has an average rating of Hold and an average target price of $57.90.

Shares of Metlife (NYSE:MET) opened at $51.84 on Tuesday. Metlife has a 12 month low of $44.43 and a 12 month high of $55.91. The stock has a market cap of $54,046.07, a PE ratio of 9.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.49. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

Metlife (NYSE:MET) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.19. Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.47 billion. During the same period last year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. sell-side analysts predict that Metlife will post 4.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.09%. Metlife’s payout ratio is currently -320.00%.

In other news, insider Christopher G. Townsend sold 82,731 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the transaction, the insider now directly owns 49,660 shares in the company, valued at approximately $2,711,436. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christopher G. Townsend sold 55,712 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the transaction, the insider now owns 25,181 shares in the company, valued at $1,367,076.49. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MET. Farmers National Bank purchased a new position in Metlife in the second quarter valued at approximately $118,000. Ffcm LLC raised its holdings in Metlife by 2,020.8% in the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock valued at $119,000 after buying an additional 2,142 shares during the period. Cable Hill Partners LLC raised its holdings in Metlife by 246.6% in the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,716 shares during the period. Valeo Financial Advisors LLC purchased a new position in Metlife in the third quarter valued at approximately $151,000. Finally, Parallel Advisors LLC raised its holdings in Metlife by 8.1% in the second quarter. Parallel Advisors LLC now owns 2,970 shares of the financial services provider’s stock valued at $163,000 after buying an additional 222 shares during the period. Hedge funds and other institutional investors own 76.24% of the company’s stock.

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About Metlife

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, 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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