Metlife Inc (NYSE: MET) is 3.90% higher on its value in year-to-date trading and has touched a low of $65.21 and a high of $89.05 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 $76.59 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $77.33, the stock is -2.11% and -2.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.7 million and changing 0.97% at the moment leaves the stock -4.58% off its SMA200. MET registered -5.56% loss for a year compared to 6-month loss of -7.75%. The firm has a 50-day simple moving average (SMA 50) of $78.9352 and a 200-day simple moving average (SMA200) of $81.10225.
The stock witnessed a -1.36% gain in the last 1 month and extending the period to 3 months gives it a 6.35%, and is -1.33% 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 1.66% over the week and 1.69% over the month.
Metlife Inc (MET) has around 45000 employees, a market worth around $51.91B and $73.50B in sales. Current P/E ratio is 12.59 and Fwd P/E is 7.53. Profit margin for the company is 5.86%. Distance from 52-week low is 18.59% and -13.16% from its 52-week high. The company has generated returns on investments over the last 12 months (9.20%).
with sales reaching $18.49B over the same period.The EPS is expected to grow by 9.80% this year, but quarterly earnings will post 3.12% year-over-year. Quarterly sales are estimated to shrink -1.03% in year-over-year returns.
1850.0 institutions hold shares in Metlife Inc (MET), with institutional investors hold 90.23% of the company’s shares. The shares outstanding are 673.29M, and float is at 561.71M with Short Float at 1.26%. Institutions hold 75.30% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 58.56 million shares valued at $4.11 billion. The investor’s holdings represent 8.2423 of the MET Shares outstanding. As of 2024-06-30, the second largest holder is DODGE & COX with 56.35 million shares valued at $3.96 billion to account for 7.9315 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 47.52 million shares representing 6.6877 and valued at over $3.34 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 4.529 of the shares totaling 32.18 million with a market value of $2.26 billion.
