Metlife Inc (NYSE:MET) – B. Riley issued their Q2 2019 earnings estimates for shares of Metlife in a research note issued to investors on Wednesday, June 26th, according to Zacks Investment Research. B. Riley analyst R. Binner forecasts that the financial services provider will post earnings of $1.29 per share for the quarter. B. Riley also issued estimates for Metlife’s FY2021 earnings at $6.25 EPS.
A number of other equities research analysts have also recently commented on MET. Citigroup cut shares of Barrick Gold to a “neutral” rating in a research report on Thursday, May 23rd. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Wells Fargo & Co set a $33.00 price target on shares of Matador Resources and gave the company a “hold” rating in a research note on Thursday, July 11th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, Deutsche Bank increased their price objective on shares of Prudential Financial from $97.00 to $104.00 and gave the company a “hold” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $50.73.
Metlife (NYSE:MET) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.18. Metlife had a net margin of 7.56% and a return on equity of 10.20%. The firm had revenue of $15.45 billion for the quarter, compared to the consensus estimate of $15.95 billion. During the same period in the previous year, the firm posted $1.36 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of MET. Old Port Advisors raised its position in Metlife by 4.1% in the 2nd quarter. Old Port Advisors now owns 4,996 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 199 shares during the last quarter. Unison Advisors LLC raised its position in Metlife by 1.0% in the 2nd quarter. Unison Advisors LLC now owns 21,133 shares of the financial services provider’s stock valued at $1,049,000 after purchasing an additional 200 shares during the last quarter. Citizens Financial Group Inc RI raised its position in Metlife by 12.7% in the 1st quarter. Citizens Financial Group Inc RI now owns 1,945 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 219 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Metlife by 2.7% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 8,566 shares of the financial services provider’s stock valued at $365,000 after buying an additional 224 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Metlife by 14.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,849 shares of the financial services provider’s stock valued at $79,000 after buying an additional 227 shares during the period. Institutional investors own 75.67% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 6th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.76 dividend on an annualized basis and a yield of 3.54%. Metlife’s dividend payout ratio is currently 32.65%.
Metlife Company Profile
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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