Market Analysts see MetLife Inc. [MET] falling to $78. Time to buy?

MetLife Inc. [NYSE: MET] traded at a low on 09/07/23, posting a -0.68 loss after which it closed the day’ session at $62.77. The company report on August 22, 2023 at 8:00 AM that MetLife Bolsters Beneficiary Claims Concierge Services with Empathy.

Collaboration will provide logistical and emotional support to beneficiaries nationwide, extending the compassionate care beyond the claim journey following launch with AT&T.

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MetLife, Inc. (NYSE: MET) announced today a collaboration with Empathy, a leading end-of-life platform helping families navigate the experiences associated with loss. As part of MetLife’s Beneficiary Claims Concierge Services, which provide compassionate support and guidance, MetLife now offers employees and their beneficiaries enrolled in life insurance access to Empathy’s bereavement care platform. Through its relationship with Empathy, MetLife will provide holistic bereavement support to millions of beneficiaries and their families, following the loss of a loved one.

The results of the trading session contributed to over 3154091 shares changing hands. Over the past one week, the price volatility of MetLife Inc. stands at 1.42% while the volatility over the past one month is 1.63%.

The market cap for MET stock reached $46.50 billion, with 765.90 million shares outstanding and 630.55 million shares in the current float. Compared to the average trading volume of 4.09M shares, MET reached a trading volume of 3154091 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 $77.11 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 2.10. 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.

Goldman have made an estimate for MetLife Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 09, 2023.

The Average True Range (ATR) for MetLife Inc. is set at 1.07, with the Price to Sales ratio for MET stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 20.81. Price to Free Cash Flow for MET in the course of the last twelve months was 3.92.

How has MET stock performed recently?

MetLife Inc. [MET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.27. With this latest performance, MET shares dropped by -1.15% in over the last four-week period, additionally sinking by -7.01% over the last 6 months – not to mention a drop of -3.50% 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 53.06, with the RSI for the last a single of trading hit 49.38, and the three-weeks RSI is set at 55.10 for MetLife Inc. [MET]. The present Moving Average for the last 50 days of trading for this stock 61.21, while it was recorded at 63.48 for the last single week of trading, and 63.32 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 +5.43. MetLife Inc.’s Net Margin is presently recorded at +3.63.

Return on Total Capital for MET is now 1.00, given the latest momentum, and Return on Invested Capital for the company is 3.88. Return on Equity for this stock inclined to 5.37, with Return on Assets sitting at 0.36. When it comes to the capital structure of this company, MetLife Inc. [MET] has a Total Debt to Total Equity ratio set at 69.14. Additionally, MET Total Debt to Total Capital is recorded at 40.88, with Total Debt to Total Assets ending up at 2.80. Long-Term Debt to Equity for the company is recorded at 68.49, with the Long-Term Debt to Total Capital now at 40.50.

Reflecting on the efficiency of the workforce at the company, MetLife Inc. [MET] managed to generate an average of $56,422 per employee.

Earnings analysis for MetLife Inc. [MET]

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 9.40%.

Insider trade positions for MetLife Inc. [MET]

The top three institutional holders of MET stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in MET stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in MET stock with ownership which is approximately 5.7381%.

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