MetLife Inc. (NYSE: MET) is -20.28% lower on its value in year-to-date trading and has touched a low of $55.39 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 $56.30 in the last trading session, with the day’s gains setting it 1.39% off its average median price target of $83.00 for the next 12 months. It is also 35.9% off the consensus price target high of $90.00 offered by 20 analysts, but current levels are 18.75% higher than the price target low of $71.00 for the same period.
Currently trading at $57.69, the stock is -15.42% and -17.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.59 million and changing 2.47% at the moment leaves the stock -15.08% off its SMA200. MET registered -11.68% loss for a year compared to 6-month gain of -13.13%.
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The stock witnessed a -19.93% loss in the last 1 month and extending the period to 3 months gives it a -21.22%, and is -10.79% 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 4.36% over the week and 2.79% over the month.
MetLife Inc. (MET) has around 45000 employees, a market worth around $46.31B and $69.90B in sales. Current P/E ratio is 22.69 and Fwd P/E is 6.31. Profit margin for the company is 3.40%. Distance from 52-week low is 4.15% and -25.43% from its 52-week high. The company has generated returns on investments over the last 12 months (7.80%).
MetLife Inc. (MET) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for MetLife Inc. (MET) is a “Overweight”. 20 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”. 13 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 shrink by -62.90% this year
MetLife Inc. (MET) Top Institutional Holders
The shares outstanding are 783.70M, and float is at 659.31M with Short Float at 1.21%.
MetLife Inc. (MET) Insider Activity
A total of 40 insider transactions have happened at MetLife Inc. (MET) in the last six months, with sales accounting for 5 and purchases happening 35 times. The most recent transaction is an insider sale by PAPPAS BILL, the company’s EVP, Global Tech. & Ops. SEC filings show that PAPPAS BILL sold 2,857 shares of the company’s common stock on Mar 02 at a price of $70.96 per share for a total of $0.2 million. Following the sale, the insider now owns 48915.0 shares.
MetLife Inc. disclosed in a document filed with the SEC on Feb 27 that PAPPAS BILL (EVP, Global Tech. & Ops.) sold a total of 11,345 shares of the company’s common stock. The trade occurred on Feb 27 and was made at $71.96 per share for $0.82 million. Following the transaction, the insider now directly holds 46231.0 shares of the MET stock.
Still, SEC filings show that on Dec 20, PODLOGAR SUSAN M (EVP & Chief HR Officer) disposed off 3,000 shares at an average price of $71.91 for $0.22 million. The insider now directly holds 46,193 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 18.75% up over the past 12 months and Cigna Corporation (CI) that is 17.74% higher over the same period. Credit Suisse Group AG (CS) is -70.38% down on the 1-year trading charts.
