Metlife Inc (NYSE:MET) was the target of a significant decrease in short interest during the month of November. As of November 29th, there was short interest totalling 9,670,000 shares, a decrease of 16.9% from the November 14th total of 11,630,000 shares. Based on an average trading volume of 5,280,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.3% of the shares of the stock are sold short.
Shares of NYSE:MET traded up $1.51 on Thursday, reaching $50.60. 7,608,554 shares of the company traded hands, compared to its average volume of 3,896,649. The business’s 50-day simple moving average is $48.59 and its 200 day simple moving average is $47.80. Metlife has a 52 week low of $37.76 and a 52 week high of $51.16. The stock has a market capitalization of $45.59 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 1.10 and a beta of 1.13. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.21.
Metlife (NYSE:MET) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.13). Metlife had a net margin of 10.82% and a return on equity of 8.82%. The company had revenue of $16.92 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the business posted $1.38 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts expect that Metlife will post 5.53 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Kavar Capital Partners LLC purchased a new stake in shares of Metlife during the second quarter worth about $25,000. Motco boosted its holdings in shares of Metlife by 160.6% during the second quarter. Motco now owns 516 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 318 shares during the period. Resources Management Corp CT ADV purchased a new stake in shares of Metlife during the third quarter worth about $26,000. Coastal Capital Group Inc. purchased a new stake in shares of Metlife during the second quarter worth about $30,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Metlife during the third quarter worth about $37,000. Institutional investors own 74.59% of the company’s stock.
A number of research analysts recently commented on the company. Wells Fargo & Co reissued a “buy” rating on shares of Metlife in a research note on Monday. Morgan Stanley reduced their target price on Metlife from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. ValuEngine cut Metlife from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Citigroup reduced their price objective on Metlife from $42.00 to $41.00 and set a “sell” rating on the stock in a research note on Friday, September 13th. Finally, Zacks Investment Research raised Metlife from a “sell” rating to a “hold” rating and set a $52.00 price objective on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Metlife presently has a consensus rating of “Hold” and an average price target of $49.61.
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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