Stocks of Metlife Inc (NYSE:MET) traded higher last session on Wall Street, down -2.68% to $81.02.
MET stock price is now 0.10% away from the 50-day moving average and 9.80% away from the 200-day moving average. The market capitalization of the company currently stands at $56.10B.
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With the price target of $97, TD Cowen recently initiated with Buy rating for Metlife Inc (NYSE: MET). On September 05, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $91, while ‘Goldman’ rates the stock as ‘Buy’
In other news, MetLife 401k Plan Large Cap Eq, Affiliate discretionary manage bought 352 shares of the company’s stock on Nov 07 ’24. The stock was bought for $29,304 at an average price of $83.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Affiliate Separate Account SPI bought 474 shares of the business’s stock. A total of $39,053 was incurred on buying the stock at an average price of $82.39. A total of 16.25% of the company’s stock is owned by insiders.
During the past 12 months, Metlife Inc has had a low of $58.89 and a high of $86.94. According to the stock market information, the enterprise value for the company is $129880801280, which is based on a 16.34 price-to-earnings ratio, a 1.24 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for MET is $80.835 and a two-hundred day moving average price translates $73.7297 for the stock.
The latest earnings results from Metlife Inc (NYSE: MET) was released for 2024-09-30. The net profit margin was 4.99% and return on equity was 13.31% for MET. The company reported revenue of $18.44 billion for the quarter, compared to $15.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.22 percent.
