Stocks of Metlife Inc (NYSE:MET) traded higher last session on Wall Street, up 0.77% to $71.73.
MET stock price is now 0.06% away from the 50-day moving average and 3.58% away from the 200-day moving average. The market capitalization of the company currently stands at $50.23B.
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With the price target maintained at $80, Goldman recently Upgraded its rating from Neutral to Buy for Metlife Inc (NYSE: MET). , while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, PAPPAS BILL, EVP, Global Tech. & Ops. sold 27,000 shares of the company’s stock on Mar 18 ’24. The stock was sold for $1,951,325 at an average price of $72.27. Upon completion of the transaction, the EVP, Global Tech. & Ops. now directly owns 57,768 shares in the company, valued at $4.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, President, U.S. Business TADROS RAMY sold 4,026 shares of the business’s stock. A total of $289,479 was realized by selling the stock at an average price of $71.90. This leaves the insider owning 146,981 shares of the company worth $10.54 million. A total of 16.24% of the company’s stock is owned by insiders.
During the past 12 months, Metlife Inc has had a low of $57.91 and a high of $79.34. According to the stock market information, the enterprise value for the company is $70359121920, which is based on a 19.36 price-to-earnings ratio, a 1.68 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for MET is $71.6886 and a two-hundred day moving average price translates $69.24875 for the stock.
The latest earnings results from Metlife Inc (NYSE: MET) was released for 2024-06-30. The net profit margin was 3.94% and return on equity was 10.12% for MET. The company reported revenue of $17.82 billion for the quarter, compared to $16.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.22 percent.
