The stock of Metlife Inc (NYSE:MET) last traded at $81.09, up 2.32% from the previous session.
MET stock price is now 9.26% away from the 50-day moving average and 14.33% away from the 200-day moving average. The market capitalization of the company currently stands at $56.79B.
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With the price target of $91, Barclays recently initiated with Overweight rating for Metlife Inc (NYSE: MET). On January 08, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $80, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, MetLife Separate Account SPI, Affiliate bought 453 shares of the company’s stock on Sep 11 ’24. The stock was bought for $33,807 at an average price of $74.63. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, Affiliate discretionary manage MetLife 401k Plan bought 242 shares of the business’s stock. A total of $17,990 was incurred on buying the stock at an average price of $74.34. A total of 16.49% 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 $79.63. According to the stock market information, the enterprise value for the company is $77299343360, which is based on a 21.89 price-to-earnings ratio, a 1.90 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for MET is $74.4082 and a two-hundred day moving average price translates $71.0153 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.
