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Metlife Inc (MET) Stock Could Soon Reward Patient Investors

Metlife Inc (NYSE: MET) is 11.43% higher on its value in year-to-date trading and has touched a low of $48.95 and a high of $74.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MET stock was last observed hovering at around $74.11 in the last trading session, with the day’s loss setting it -0.42%.

Currently trading at $73.69, the stock is 2.19% and 5.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing -0.57% at the moment leaves the stock 14.87% off its SMA200. MET registered 30.45% gain for a year compared to 6-month gain of 17.15%. The firm has a 50-day simple moving average (SMA 50) of $1.04.

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The stock witnessed a 5.66% loss in the last 1 month and extending the period to 3 months gives it a 11.16%, and is 1.46% up 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 1.01% over the week and 1.45% over the month.

Metlife Inc (MET) has around 45000 employees, a market worth around $53.28B and $66.91B in sales. Current P/E ratio is 40.28 and Fwd P/E is 7.40. Profit margin for the company is 2.06%. Distance from 52-week low is 50.54% and -0.95% from its 52-week high. The company has generated returns on investments over the last 12 months (2.80%).

Metlife Inc quarterly earnings per share for the current quarter are estimated at $1.96 with sales reaching $17.85B over the same period.The EPS is expected to grow by 21.07% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to grow 5.80% in year-over-year returns.

Metlife Inc (MET) Top Institutional Holders

1,675 institutions hold shares in Metlife Inc (MET), with institutional investors hold 90.90% of the company’s shares. The shares outstanding are 730.82M, and float is at 604.10M with Short Float at 1.18%. Institutions hold 75.99% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 59.24 million shares valued at $3.35 billion. The investor’s holdings represent 7.88% of the MET Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 55.06 million shares valued at $3.11 billion to account for 7.32% of the shares outstanding. The other top investors are Dodge & Cox Inc which holds 54.15 million shares representing 7.20% and valued at over $3.06 billion, while Price (T.Rowe) Associates Inc holds 4.81% of the shares totaling 36.17 million with a market value of $2.04 billion.

Metlife Inc (MET) Insider Activity

The most recent transaction is an insider sale by PAPPAS BILL,the company’sEVP, Global Tech. & Ops. SEC filings show that PAPPAS BILL sold 27,000 shares of the company’s common stock on Mar 18 ’24 at a price of $72.27 per share for a total of $1.95 million. Following the sale, the insider now owns 57768.0 shares.

Metlife Inc disclosed in a document filed with the SEC on Mar 13 ’24 that TADROS RAMY (President, U.S. Business) sold a total of 4,026 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $71.90 per share for $0.29 million. Following the transaction, the insider now directly holds 0.15 million shares of the MET stock.

Still, SEC filings show that on Feb 05 ’24, Khalaf Michel (President & CEO) disposed off 20,460 shares at an average price of $65.95 for $1.35 million. The insider now directly holds 385,987 shares of Metlife Inc (MET).

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