MetLife Inc. [MET] Stock trading around $61.85 per share: What’s Next?

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MetLife Inc. [NYSE: MET] stock went on a downward path that fall over -0.64% on Thursday, amounting to a one-week price increase of more than 1.21%. The company report on July 20, 2022 that MetLife Recognized for Disability Equality.


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MetLife, Inc. (NYSE: MET) today announced that it has received a top score on the Disability Equality Index® (DEI), making the company a “Best Place to Work for Disability Inclusion” for the sixth year in a row.

The DEI – a joint initiative of the American Association of People with Disabilities, the nation’s largest disability rights organization, and Disability:IN, the global business disability inclusion network – is a comprehensive benchmarking tool that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality. The 2022 index measured culture and leadership, enterprise-wide access, employment practices, community engagement, and supplier diversity.

Over the last 12 months, MET stock rose by 7.30%. The one-year MetLife Inc. stock forecast points to a potential upside of 18.05. The average equity rating for MET stock is currently 1.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $50.51 billion, with 823.80 million shares outstanding and 685.11 million shares in the current float. Compared to the average trading volume of 4.56M shares, MET stock reached a trading volume of 4418116 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $75.47 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 1.90. 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.

Wolfe Research have made an estimate for MetLife Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 23, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on May 24, 2022, representing the official price target for MetLife Inc. stock. Previously, the target price had yet another raise to $74, while Jefferies analysts kept a Buy rating on MET stock.

The Average True Range (ATR) for MetLife Inc. is set at 1.60, with the Price to Sales ratio for MET stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 28.76. Price to Free Cash Flow for MET in the course of the last twelve months was 4.42.

MET Stock Performance Analysis:

MetLife Inc. [MET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.21. With this latest performance, MET shares dropped by -2.97% in over the last four-week period, additionally sinking by -6.37% over the last 6 months – not to mention a rise of 7.30% 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 49.97, with the RSI for the last a single of trading hit 53.53, and the three-weeks RSI is set at 48.13 for MetLife Inc. [MET]. The present Moving Average for the last 50 days of trading for this stock 63.06, while it was recorded at 61.57 for the last single week of trading, and 65.15 for the last 200 days.

Insight into MetLife Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and MetLife Inc. [MET] shares currently have an operating margin of +10.97. MetLife Inc.’s Net Margin is presently recorded at +9.41.

Return on Equity for this stock inclined to 9.23, with Return on Assets sitting at 0.84.

MET Stock EPS

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 4.18%.

MetLife Inc. [MET] Insider Position Details

There are presently around $37,298 million, or 76.00% of MET stock, in the hands of institutional investors. The top three institutional holders of MET stocks are: BLACKROCK INC. with ownership of 70,186,350, which is approximately -2.092% of the company’s market cap and around 0.20% of the total institutional ownership; DODGE & COX, holding 58,433,230 shares of the stock with an approximate value of $3.61 billion in MET stocks shares; and VANGUARD GROUP INC, currently with $3.54 billion in MET stock with ownership of nearly 0.528% of the company’s market capitalization.

Positions in MetLife Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 609 institutional holders increased their position in MetLife Inc. [NYSE:MET] by around 33,479,052 shares. Additionally, 510 investors decreased positions by around 42,489,763 shares, while 192 investors held positions by with 527,076,865 shares. The mentioned changes placed institutional holdings at 603,045,680 shares, according to the latest SEC report filing. MET stock had 122 new institutional investments in for a total of 4,615,824 shares, while 92 institutional investors sold positions of 3,761,113 shares during the same period.

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