November 24, 2016 - By Dolores Ford · 0 Comments
Metlife Inc (NYSE:MET) institutional sentiment decreased to 0.93 in Q2 2016. Its down -0.11, from 1.04 in 2016Q1. The ratio has dropped, as 415 investment professionals started new and increased stock positions, while 398 decreased and sold their equity positions in Metlife Inc. The investment professionals in our partner’s database now hold: 797.11 million shares, down from 804.49 million shares in 2016Q1. Also, the number of investment professionals holding Metlife Inc in their top 10 stock positions decreased from 19 to 16 for a decrease of 3. Sold All: 55 Reduced: 343 Increased: 334 New Position: 81.
MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The company has a market cap of $60.87 billion. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). It has a 16.99 P/E ratio. The Company’s Retail segment is organized into two businesses: Life & Other, and Annuities.
The stock increased 0.99% or $0.54 on November 23, hitting $55.35. About 4.98 million shares traded hands. Metlife Inc (NYSE:MET) has risen 18.02% since April 22, 2016 and is uptrending. It has outperformed by 12.61% the S&P500.
Analysts await Metlife Inc (NYSE:MET) to report earnings on February, 1. They expect $1.35 EPS, up 9.76% or $0.12 from last year’s $1.23 per share. MET’s profit will be $1.48B for 10.25 P/E if the $1.35 EPS becomes a reality. After $1.28 actual EPS reported by Metlife Inc for the previous quarter, Wall Street now forecasts 5.47% EPS growth.
According to Zacks Investment Research, “Metlife Inc. is a leading provider of insurance and financial services to a broad spectrum of individual and institutional customers. The company currently provides individual insurance, annuities and investment products. The company also provides group insurance and retirement and savings products and services to corporations and other institutions. The company believes that their unparalleled franchises and brand names uniquely position them to be the preeminent provider of insurance and financial services in the U.S.”
Capital Returns Management Llc holds 5.2% of its portfolio in Metlife Inc for 233,561 shares. Southport Management L.L.C. owns 61,630 shares or 4.93% of their US portfolio. Moreover, Athena Global Investors Llc has 4.63% invested in the company for 75,394 shares. The California-based Poplar Forest Capital Llc has invested 3.93% in the stock. Lumbard & Kellner Llc, a New Hampshire-based fund reported 125,645 shares.#img1#
Ratings analysis reveals 58% of MetLife’s analysts are positive. Out of 12 Wall Street analysts rating MetLife, 7 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $46 while the high is $65.0. The stock’s average target of $55 is -0.63% below today’s ($55.35) share price. MET was included in 16 notes of analysts from July 31, 2015. The firm has “Buy” rating given on Monday, June 27 by Sandler O’Neill. Citigroup downgraded Metlife Inc (NYSE:MET) on Tuesday, January 5 to “Neutral” rating. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, July 13 report. The stock of Metlife Inc (NYSE:MET) earned “Outperform” rating by FBR Capital on Monday, August 29. The firm has “Outperform” rating by Macquarie Research given on Thursday, January 14. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 19 report. Deutsche Bank maintained Metlife Inc (NYSE:MET) on Friday, July 31 with “Buy” rating. Raymond James upgraded the stock to “Strong Buy” rating in Friday, January 22 report. The stock has “Neutral” rating given by Credit Suisse on Friday, October 7. The firm has “Outperform” rating by Wells Fargo given on Friday, September 23.
MetLife, Inc. (MetLife), incorporated on August 10, 1999, is a well-known provider of life insurance, annuities, employee benefits and asset management. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLife’s Corporate & Other contains the surplus portfolios for the enterprise, the portfolios used to fund the capital needs of the Company and various reinsurance agreements. In the United States, the Company provides a range of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities, through both proprietary and independent retail distribution channels, as well as at the workplace. Outside the United States, the Company provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups.
More important recent Metlife Inc (NYSE:MET) news were published by: Businesswire.com which released: “MetLife Declares Fourth Quarter 2016 Preferred Stock Dividends” on November 15, 2016, also Businesswire.com published article titled: “MetLife to Hold Investor Outlook Call”, Investorplace.com published: “Metlife Inc (MET) Is Starting Its Run” on November 17, 2016. More interesting news about Metlife Inc (NYSE:MET) was released by: Wsj.com and their article: “MetLife Resumes Buybacks With Its Largest Ever, for $3 Billion” with publication date: November 10, 2016.
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By Dolores Ford