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NYSE:MET

MetLife - MET Stock Forecast, Price & News

$65.93

+2.03 (+3.18%)

(As of 08/10/2022 12:00 AM ET)

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Today's Range: $64.64
▼
$65.98
50-Day Range: $57.91
▼
$67.69
52-Week Range: $57.05
▼
$73.18

Volume: 4.15 million shs
Average Volume: 4.57 million shs
Market Capitalization: $53.61 billion

P/E Ratio: 16.40
Dividend Yield: 3.13%
Price Target: $76.45

MetLife MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 16.1% Upside
$76.55 Price Target
Short Interest: Healthy
1.21% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.75
Upright™ Environmental Score
News Sentiment: 0.39
Based on 32 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 13.77%
From $7.26 to $8.26 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.28 out of 5 stars

Finance Sector

68th out of 904 stocks

Life Insurance Industry

3rd out of 21 stocks

3.5

Analyst's Opinion

Consensus Rating
MetLife has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $76.55, MetLife has a forecasted upside of 16.1% from its current price of $65.93.
Amount of Analyst Coverage
MetLife has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.21% of the float of MetLife has been sold short.
Short Interest Ratio / Days to Cover
MetLife has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MetLife has recently decreased by 26.26%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Yield
MetLife pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
MetLife has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of MetLife is 49.75%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, MetLife will have a dividend payout ratio of 24.21% next year. This indicates that MetLife will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
MetLife has received a 28.08% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Life annuities", and "Home insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for MetLife is -0.75.

3.0

News and Social Media Coverage

News Sentiment
MetLife has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 32 news articles for MetLife this week, compared to 8 articles on an average week.
Search Interest
43 people have searched for MET on MarketBeat in the last 30 days. This is an increase of 54% compared to the previous 30 days.
MarketBeat Follows
23 people have added MetLife to their MarketBeat watchlist in the last 30 days. This is an increase of 156% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MetLife insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.26% of the stock of MetLife is held by insiders.
Percentage Held by Institutions
89.65% of the stock of MetLife is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for MetLife are expected to grow by 13.77% in the coming year, from $7.26 to $8.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MetLife is 16.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of MetLife is 16.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 151.73.
Price to Book Value per Share Ratio
MetLife has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About MetLife (NYSE:MET) Stock

MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements. It also provides pension risk transfers, institutional income annuities, structured settlements, and capital markets investment products; and other products and services, such as life insurance products and funding agreements for funding postretirement benefits, as well as company, bank, or trust-owned life insurance used to finance nonqualified benefit programs for executives. In addition, it provides fixed, indexed-linked, and variable annuities; and pension products; regular savings products; whole and term life, endowments, universal and variable life, and group life products; longevity reinsurance solutions; credit insurance products; and protection against long-term health care services. MetLife, Inc. was founded in 1863 and is headquartered in New York, New York.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup assumed coverage on shares of MetLife in a research report on Monday, May 23rd. They set a "buy" rating and a $77.00 price target for the company. Evercore ISI upped their target price on MetLife to $81.00 in a research report on Tuesday. TheStreet downgraded MetLife from a "b" rating to a "c+" rating in a report on Wednesday, August 3rd. Morgan Stanley upped their price target on MetLife from $78.00 to $79.00 and gave the stock an "overweight" rating in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of MetLife from $75.00 to $74.00 in a research report on Monday, July 11th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.55.

MetLife Stock Performance

Shares of MET opened at $63.90 on Wednesday. The firm has a market cap of $51.96 billion, a price-to-earnings ratio of 15.90 and a beta of 1.08. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $62.72 and its two-hundred day moving average is $65.97. MetLife has a 52-week low of $57.05 and a 52-week high of $73.18.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Tuesday, August 9th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 8th. This represents a $2.00 annualized dividend and a yield of 3.13%. MetLife's dividend payout ratio is presently 49.75%.

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MET Stock News Headlines

July 20, 2022 | marketbeat.com

Rising Interest Rates Will Provide A Tailwind To These Stocks (MET)

During rising rate environments, certain stocks may benefit as their interest income rises. Consider the following stocks for your portfolio if you’re looking for stocks that may benefit in such a situation.

August 10, 2022 | businesswire.com

MetLife Doubles Down on Technology Hiring in North Carolina - Business Wire

August 10, 2022 | Weiss Ratings (Ad)

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August 10, 2022 | businesswire.com

MetLife Sponsors UC Cleantech Accelerator Program - Business Wire

August 10, 2022 | finance.yahoo.com

MetLife Sponsors UC Cleantech Accelerator Program

August 10, 2022 | americanbankingnews.com

MetLife (NYSE:MET) Price Target Increased to $81.00 by Analysts at Evercore ISI

August 6, 2022 | nypost.com

Brian Daboll treasures 'humbling' first Giants moment at MetLife Stadium - New York Post

August 6, 2022 | benzinga.com

How Is The Market Feeling About MetLife? - Benzinga

August 10, 2022 | Investing Daily (Ad)

27 U.S. Cities Where Stocks Yield 26% a Year

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August 5, 2022 | finance.yahoo.com

Should You Buy MetLife, Inc. (NYSE:MET) For Its Upcoming Dividend?

August 4, 2022 | benzinga.com

What 6 Analyst Ratings Have To Say About MetLife - Benzinga

August 4, 2022 | finance.yahoo.com

MetLife (MET) Q2 Earnings Beat on Strong Latin America Unit

August 4, 2022 | investing.com

MetLife Tops Q2 EPS by 53c, Revenues Miss By Investing.com - Investing.com

August 4, 2022 | investors.com

Metlife Trying To Close In On Key Technical Measure - Investor's Business Daily

August 4, 2022 | seekingalpha.com

MetLife Q2 revenue helped by premium, fee growth, hurt by investment losses (NYSE:MET) - Seeking Alpha

August 4, 2022 | bloomberg.com

MetLife Beats Analyst Expectations on Premiums, Fees - Bloomberg

August 3, 2022 | uk.investing.com

MetLife Tops Q2 EPS by 53c, Revenues Miss By Investing.com - Investing.com UK