MetLife Inc. [MET] Revenue clocked in at $65.09 billion, up 38.08% YTD: What’s Next?

MetLife Inc. [NYSE: MET] traded at a low on 05/19/21, posting a -0.86 loss after which it closed the day’ session at $64.83. The company report on May 18, 2021 that MetLife Announces Full Redemption of Series C Preferred Stock.

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MetLife, Inc. (NYSE: MET) announced that it will redeem all outstanding shares of its 5.250% fixed-to-floating rate non-cumulative preferred stock, Series C, with a liquidation preference of $1,000 per share (“Series C Preferred Stock”), at a redemption price of $1,000 per share. All outstanding shares of Series C Preferred Stock will be redeemed on the dividend payment date of June 15, 2021.

Regular quarterly dividends on the outstanding shares of the Series C Preferred Stock of $9.60602666 per share will be paid separately on June 15, 2021, to shareholders of record as of Friday, May 28, 2021, due to the record date occurring on the holiday on Monday, May 31, 2021, in the customary manner. Accordingly, the redemption price for the Series C Preferred Stock will not include any accrued and unpaid dividends. On and after the redemption date, all dividends on the shares of Series C Preferred Stock will cease to accrue.

The results of the trading session contributed to over 4700090 shares changing hands. Over the past one week, the price volatility of MetLife Inc. stands at 2.06% while the volatility over the past one month is 2.10%.

The market cap for MET stock reached $55.59 billion, with 885.40 million shares outstanding and 740.84 million shares in the current float. Compared to the average trading volume of 5.15M shares, MET reached a trading volume of 4700090 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about MetLife Inc. [MET]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MET shares is $66.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MET stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for MetLife Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 21, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $45 to $52. The new note on the price target was released on January 06, 2021, representing the official price target for MetLife Inc. stock. Previously, the target price had yet another raise from $39 to $55, while Citigroup kept a Buy rating on MET stock.

The Average True Range (ATR) for MetLife Inc. is set at 1.40, with the Price to Sales ratio for MET stock in the period of the last 12 months amounting to 0.85. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 22.90. Price to Free Cash Flow for MET in the course of the last twelve months was 5.77.

How has MET stock performed recently?

MetLife Inc. [MET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.22. With this latest performance, MET shares gained by 6.00% in over the last four-week period, additionally plugging by 40.84% over the last 6 months – not to mention a rise of 100.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MET stock in for the last two-week period is set at 53.91, with the RSI for the last a single of trading hit 50.88, and the three-weeks RSI is set at 55.80 for MetLife Inc. [MET]. The present Moving Average for the last 50 days of trading for this stock 62.52, while it was recorded at 65.27 for the last single week of trading, and 49.34 for the last 200 days.

MetLife Inc. [MET]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MetLife Inc. [MET] shares currently have an operating margin of +11.92. MetLife Inc.’s Net Margin is presently recorded at +7.97.

Return on Total Capital for MET is now 9.13, given the latest momentum, and Return on Invested Capital for the company is 6.15. Return on Equity for this stock inclined to 7.69, with Return on Assets sitting at 0.70. When it comes to the capital structure of this company, MetLife Inc. [MET] has a Total Debt to Total Equity ratio set at 25.48. Additionally, MET Total Debt to Total Capital is recorded at 20.30, with Total Debt to Total Assets ending up at 2.39. Long-Term Debt to Equity for the company is recorded at 24.95, with the Long-Term Debt to Total Capital now at 19.88.

Reflecting on the efficiency of the workforce at the company, MetLife Inc. [MET] managed to generate an average of $116,280 per employee.

Earnings analysis for MetLife Inc. [MET]

With the latest financial reports released by the company, MetLife Inc. posted 0.83/share EPS, while the average EPS was predicted by analysts to be reported at 0.9/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MET. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MetLife Inc. go to 4.83%.

Insider trade positions for MetLife Inc. [MET]

There are presently around $43,444 million, or 77.30% of MET stock, in the hands of institutional investors. The top three institutional holders of MET stocks are: BLACKROCK INC. with ownership of 65,261,530, which is approximately 1.638% of the company’s market cap and around 0.10% of the total institutional ownership; DODGE & COX, holding 64,511,065 shares of the stock with an approximate value of $4.18 billion in MET stocks shares; and VANGUARD GROUP INC, currently with $3.81 billion in MET stock with ownership of nearly -1.671% of the company’s market capitalization.

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Positions in MetLife Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 472 institutional holders increased their position in MetLife Inc. [NYSE:MET] by around 49,631,936 shares. Additionally, 522 investors decreased positions by around 51,448,416 shares, while 158 investors held positions by with 569,047,398 shares. The mentioned changes placed institutional holdings at 670,127,750 shares, according to the latest SEC report filing. MET stock had 121 new institutional investments in for a total of 3,976,255 shares, while 88 institutional investors sold positions of 4,934,679 shares during the same period.

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