Equities Analysts Issue Forecasts for MetLife, Inc.’s Q4 2022 Earnings (NYSE:MET)

MetLife, Inc. (NYSE:METGet Rating) – Analysts at Jefferies Financial Group cut their Q4 2022 earnings per share estimates for shares of MetLife in a research note issued on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now anticipates that the financial services provider will earn $1.80 per share for the quarter, down from their previous estimate of $1.85. The consensus estimate for MetLife’s current full-year earnings is $7.12 per share. Jefferies Financial Group also issued estimates for MetLife’s Q2 2023 earnings at $2.08 EPS and Q3 2023 earnings at $2.06 EPS.

A number of other analysts have also recently commented on MET. Morgan Stanley boosted their target price on shares of MetLife from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday, November 17th. StockNews.com initiated coverage on shares of MetLife in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet upgraded shares of MetLife from a “c+” rating to a “b-” rating in a report on Thursday, September 15th. Citigroup upped their price target on MetLife from $77.00 to $84.00 in a research note on Wednesday, November 16th. Finally, Wells Fargo & Company lowered their price objective on MetLife from $75.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday, October 12th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MetLife presently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

MetLife Trading Down 0.3 %

NYSE MET opened at $76.72 on Thursday. The stock’s 50 day moving average is $68.37 and its 200 day moving average is $65.59. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $60.20 billion, a PE ratio of 28.84, a P/E/G ratio of 6.03 and a beta of 1.07. MetLife has a twelve month low of $57.05 and a twelve month high of $77.10.

Institutional Investors Weigh In On MetLife

A number of large investors have recently added to or reduced their stakes in MET. Scotia Capital Inc. increased its position in MetLife by 5.8% during the first quarter. Scotia Capital Inc. now owns 68,682 shares of the financial services provider’s stock valued at $4,827,000 after acquiring an additional 3,738 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of MetLife by 13.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,315 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 402 shares during the period. AGF Investments LLC purchased a new position in shares of MetLife in the first quarter worth approximately $824,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in MetLife by 9.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 355,772 shares of the financial services provider’s stock valued at $25,004,000 after buying an additional 30,693 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in MetLife by 3.2% during the second quarter. State of Alaska Department of Revenue now owns 128,350 shares of the financial services provider’s stock valued at $8,058,000 after buying an additional 3,955 shares during the last quarter. Institutional investors own 86.53% of the company’s stock.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. MetLife’s dividend payout ratio (DPR) is 75.19%.

About MetLife

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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.

Further Reading

Earnings History and Estimates for MetLife (NYSE:MET)

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