Metlife Inc [NYSE: MET] stock went on an upward path that rose over 0.32% on Wednesday, amounting to a one-week price increase of more than 3.37%. The company report on January 11, 2024 at 3:17 PM that New Year, New Benefits Experience: Lessons From Gen Z on Engaging a Multi-Generational Workforce.
As Gen Z’s foothold in the workforce grows, employers can provide a year-round benefits experience that resonates with the youngest in the workforce and beyond.
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To meet the evolving needs of today’s increasingly multidimensional workforce, providing a personalized, always-on benefits strategy is key to keeping employees satisfied, engaged, and loyal. Setting the tone for this new standard of benefits engagement is Generation Z – who, according to MetLife’s 21st annual U.S. Employee Benefit Trends Study, are more likely to expect a tailored, year-round benefits experience than other employees. Sixty-eight percent of Gen Z employees want their employer to communicate with them after they have enrolled in benefits, not just during annual enrollment, the study found.1.
Over the last 12 months, MET stock dropped by -1.43%. The one-year Metlife Inc stock forecast points to a potential upside of 13.53. The average equity rating for MET stock is currently 1.61, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $51.58 billion, with 779.10 million shares outstanding and 620.24 million shares in the current float. Compared to the average trading volume of 3.71M shares, MET stock reached a trading volume of 4346176 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 $80.58 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 1.61. 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 Buy, with their previous recommendation back on January 08, 2024.
The Average True Range (ATR) for Metlife Inc is set at 1.06, with the Price to Sales ratio for MET stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 2.02. Price to Free Cash Flow for MET in the course of the last twelve months was 5.49.
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 3.37. With this latest performance, MET shares gained by 6.24% in over the last four-week period, additionally plugging by 12.90% over the last 6 months – not to mention a drop of -1.43% 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 66.18, with the RSI for the last a single of trading hit 67.67, and the three-weeks RSI is set at 64.68 for Metlife Inc [MET]. The present Moving Average for the last 50 days of trading for this stock 65.56, while it was recorded at 69.05 for the last single week of trading, and 60.86 for the last 200 days.
Insight into Metlife Inc Fundamentals:
Metlife Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.98.
MET Stock EPS
With the latest financial reports released by the company, Metlife Inc posted 1.55/share EPS, while the average EPS was predicted by analysts to be reported at 1.65/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6.10%. 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 11.50%.
Metlife Inc [MET] Institutonal Ownership Details
The top three institutional holders of MET stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MET stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MET stock with ownership which is approximately 5.8325%.
