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What should you know before buying stock in MetLife Inc. (MET)

MetLife Inc. (NYSE: MET) is -3.01% lower on its value in year-to-date trading and has touched a low of $57.41 and a high of $77.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MET stock was last observed hovering at around $69.43 in the last trading session, with the day’s gains setting it 0.76% off its average median price target of $83.00 for the next 12 months. It is also 24.53% off the consensus price target high of $93.00 offered by 19 analysts, but current levels are 10.01% higher than the price target low of $78.00 for the same period.

Currently trading at $70.19, the stock is -2.40% and -4.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.26 million and changing 1.09% at the moment leaves the stock 4.02% off its SMA200. MET registered 5.14% gain for a year compared to 6-month gain of 14.86%.

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The stock witnessed a -1.36% loss in the last 1 month and extending the period to 3 months gives it a 4.23%, and is -1.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.57% over the month.

MetLife Inc. (MET) has around 43000 employees, a market worth around $54.48B and $73.67B in sales. Current P/E ratio is 26.38 and Fwd P/E is 8.46. Profit margin for the company is 3.00%. Distance from 52-week low is 22.26% and -9.27% from its 52-week high. The company has generated returns on investments over the last 12 months (8.80%).

MetLife Inc. (MET) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for MetLife Inc. (MET) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 2 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

MetLife Inc. is expected to release its quarterly report on 05/03/2023.The EPS is expected to grow by 28.60% this year.

MetLife Inc. (MET) Top Institutional Holders

The shares outstanding are 795.80M, and float is at 659.31M with Short Float at 1.35%.

MetLife Inc. (MET) Insider Activity

A total of 41 insider transactions have happened at MetLife Inc. (MET) in the last six months, with sales accounting for 7 and purchases happening 34 times. The most recent transaction is an insider sale by PODLOGAR SUSAN M,the company’sEVP & Chief HR Officer. SEC filings show that PODLOGAR SUSAN M sold 3,000 shares of the company’s common stock on Dec 20 at a price of $71.91 per share for a total of $0.22 million. Following the sale, the insider now owns 46193.0 shares.

MetLife Inc. disclosed in a document filed with the SEC on Dec 12 that Goulart Steven J (EVP & Chief Investment Officer) sold a total of 29,401 shares of the company’s common stock. The trade occurred on Dec 12 and was made at $71.88 per share for $2.11 million. Following the transaction, the insider now directly holds 0.27 million shares of the MET stock.

Still, SEC filings show that on Dec 12, Khalaf Michel (President & CEO) disposed off 57,201 shares at an average price of $72.49 for $4.15 million. The insider now directly holds 264,618 shares of MetLife Inc. (MET).

MetLife Inc. (MET): Who are the competitors?

The company’s main competitors (and peers) include Autoliv Inc. (ALV) that is trading -19.98% down over the past 12 months and Cigna Corporation (CI) that is 29.13% higher over the same period. Credit Suisse Group AG (CS) is -63.52% down on the 1-year trading charts.

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