FY2027 EPS Estimates for MetLife Boosted by DOWLING & PARTN

MetLife, Inc. (NYSE:MET) – Analysts at DOWLING & PARTN raised their FY2027 earnings per share estimates for shares of MetLife in a research note issued on Friday, August 14th. DOWLING & PARTN analyst J. Hurwitz now anticipates that the financial services provider will earn $10.85 per share for the year, up from their previous estimate of $10.75. The consensus estimate for MetLife’s current full-year earnings is $9.70 per share.

MET has been the topic of a number of other reports. Jefferies Financial Group boosted their price target on MetLife from $97.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Keefe, Bruyette & Woods lifted their price target on MetLife from $105.00 to $108.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of MetLife from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 15th. TD Cowen raised their price objective on shares of MetLife from $87.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their target price on shares of MetLife from $95.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.07.

MetLife Trading Down 1.0%

NYSE:MET opened at $96.73 on Tuesday. The firm has a market capitalization of $62.24 billion, a P/E ratio of 18.53, a PEG ratio of 0.75 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.20 and a quick ratio of 0.20. MetLife has a one year low of $67.33 and a one year high of $100.93. The company’s 50-day simple moving average is $91.77 and its 200 day simple moving average is $81.72.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $2.43 EPS for the quarter, beating the consensus estimate of $2.30 by $0.13. The business had revenue of $13.52 billion during the quarter, compared to analyst estimates of $19.67 billion. MetLife had a return on equity of 23.39% and a net margin of 4.57%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.02 earnings per share.

Hedge Funds Weigh In On MetLife

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in MetLife by 9.0% during the fourth quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 351 shares during the period. Caxton Associates LLP purchased a new stake in MetLife during the 1st quarter valued at $307,000. Empowered Funds LLC lifted its holdings in shares of MetLife by 187.6% during the 1st quarter. Empowered Funds LLC now owns 33,378 shares of the financial services provider’s stock valued at $2,680,000 after buying an additional 21,771 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of MetLife in the 2nd quarter worth $404,000. Finally, Jump Financial LLC bought a new stake in shares of MetLife in the second quarter worth $444,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Tuesday, August 4th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $2.37 annualized dividend and a dividend yield of 2.5%. MetLife’s dividend payout ratio (DPR) is 45.40%.

MetLife declared that its board has authorized a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About MetLife

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.