Headlines about MetLife (NYSE:MET) have been trending somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MetLife earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 83 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- MetLife to Acquire Bond Manager (thinkadvisor.com)
- MetLife says to buy bond fund manager Logan Circle for USD 250 million (newindianexpress.com)
- MetLife gets final stamp of approval for Brighthouse Financial spinoff (finance.yahoo.com)
- MetLife to Acquire Logan Circle Partners, L.P. (finance.yahoo.com)
- MetLife Declares Third Quarter 2017 Common Stock Dividend (finance.yahoo.com)
Several equities research analysts have weighed in on MET shares. TheStreet raised shares of MetLife from a “c” rating to a “b-” rating in a research note on Monday, April 3rd. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a report on Tuesday, April 18th. Zacks Investment Research upgraded shares of MetLife from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Tuesday, April 11th. Vetr cut shares of MetLife from a “strong-buy” rating to a “buy” rating and set a $55.49 target price on the stock. in a research note on Monday, March 27th. Finally, BidaskClub upgraded shares of MetLife from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.33.
Shares of MetLife (NYSE MET) traded up 0.52% during midday trading on Friday, reaching $56.17. 3,933,914 shares of the company’s stock traded hands. The company’s market capitalization is $60.44 billion. MetLife has a one year low of $36.99 and a one year high of $58.09. The company has a 50-day moving average of $51.91 and a 200-day moving average of $52.97.
MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.19. The company had revenue of $16.27 billion for the quarter, compared to analyst estimates of $17.02 billion. MetLife had a positive return on equity of 7.57% and a negative net margin of 0.95%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. Equities research analysts anticipate that MetLife will post $5.40 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.85%. MetLife’s dividend payout ratio (DPR) is presently -258.06%.
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MetLife Company Profile
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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