Press coverage about MetLife (NYSE:MET) has been trending somewhat positive this week, according to Alpha One Sentiment Analysis. The research group, a division of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MetLife earned a coverage optimism score of 0.18 on Alpha One’s scale. Alpha One also assigned media stories about the financial services provider an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected AlphaOne Sentiment’s analysis:
- BRIEF-Metlife Inc announces management changes (reuters.com)
- Will Changes in Top Brass Boost MetLife’s (MET) Growth? (zacks.com)
- MetLife appoints UK employee benefits director (healthinsurancedaily.com)
- MetLife Promotes Two Senior Execs as Future CEO Succession Race Takes Shape (wsj.com)
- Worth Watching Stocks on the Move: eBay Inc (NASDAQ:EBAY), Metlife Inc (NYSE:MET) – Stocks In Focus (press release) (nysetradingupdates.com)
MET has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded MetLife from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Tuesday, April 11th. Bank of America Corporation lowered MetLife from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $54.20 to $54.83 in a research note on Monday, March 6th. Citigroup Inc. reiterated a “focus list” rating on shares of MetLife in a research note on Tuesday, February 21st. Vetr upgraded MetLife from a “buy” rating to a “strong-buy” rating and set a $58.66 price objective on the stock in a research note on Tuesday, March 21st. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a research note on Monday, March 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. MetLife currently has an average rating of “Buy” and an average price target of $55.94.
Shares of MetLife (NYSE:MET) traded up 0.88% during trading on Monday, reaching $53.99. The company had a trading volume of 4,749,606 shares. MetLife has a 12 month low of $36.17 and a 12 month high of $58.09. The company’s market cap is $58.09 billion. The firm has a 50 day moving average price of $51.66 and a 200 day moving average price of $53.14.
MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.19. The business had revenue of $16.27 billion for the quarter, compared to analysts’ expectations of $17.02 billion. MetLife had a negative net margin of 0.95% and a positive return on equity of 7.57%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. Analysts predict that MetLife will post $5.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Monday, May 8th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $1.60 dividend on an annualized basis and a yield of 2.96%. MetLife’s dividend payout ratio (DPR) is -258.06%.
In other news, Director James M. Kilts acquired 17,205 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were acquired at an average cost of $51.13 per share, with a total value of $879,691.65. Following the completion of the purchase, the director now directly owns 59,443 shares of the company’s stock, valued at approximately $3,039,320.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.
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.
Receive News & Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related companies with our FREE daily email newsletter.