Metlife Inc (MET) concluded trading on Thursday at a closing price of $69.95, with 2.68 million shares of worth about $187.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.40% during that period and on April 18, 2024 the price saw a gain of about 1.49%. Currently the company’s common shares owned by public are about 730.82M shares, out of which, 604.09M shares are available for trading.
However, the stock later moved at a day high price of 71.32, or with a gain of 1.49%. Stock saw a price change of -1.45% in past 5 days and over the past one month there was a price change of -3.38%. Year-to-date (YTD), MET shares are showing a performance of 5.78% which increased to 14.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.95 but also hit the highest price of $74.68 during that period. The average intraday trading volume for Metlife Inc shares is 3.53 million. The stock is currently trading -3.36% below its 20-day simple moving average (SMA20), while that difference is down -1.18% for SMA50 and it goes to 7.19% higher than SMA200.
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Metlife Inc (NYSE: MET) currently have 730.82M outstanding shares and institutions hold larger chunk of about 75.19% of that.
The stock has a current market capitalization of $50.58B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 38.24, while it has posted earnings per share of $1.83 in the same period. Its PEG reads 3.32 while making debt-to-equity ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MET, volatility over the week remained 1.98% while standing at 1.60% over the month.
Stock’s fiscal year EPS is expected to rise by 19.97% while it is estimated to increase by 14.34% in next year. EPS is likely to grow at an annualized rate of 11.50% for next 5-years, compared to annual growth of -18.10% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on January 08, 2024 offering a Buy rating for the stock and assigned a target price of $80 to it. Coverage by Barclays stated Metlife Inc (MET) stock as an Overweight in their note to investors on November 17, 2023, suggesting a price target of $71 for the stock. On October 05, 2023, Deutsche Bank Initiated their recommendations, while on September 14, 2023, Jefferies Upgrade their ratings for the stock with a price target of $72. Stock get a Neutral rating from Goldman on January 09, 2023.
