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Saturday, December 9, 2023

Are Things Looking Up For Metlife Inc (NYSE: MET)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Metlife Inc (MET) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -0.37%, to $59.09. The Metlife Inc has recorded 65,309 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that MetLife Once Again Honored as One of America’s Adoption-Friendly Workplaces.

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Stocks Info

Metlife Inc is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Life industry. At the end of the last regular session, the stock closed at $59.31 and fluctuated between $60.01 as its day high and $59.24 as its day low. The current market capitalization of Metlife Inc is $43.90B. A total of 2.78 million shares were traded on the day, compared to an average of 3.63M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MET has seen 25 BUY and 0 SELL insider trades, representing the acquisition of 47,342 and the disposition of 0 shares. Over the last 12 months, there were 122 BUYs and 27 SELLs from insiders. Insiders purchased 867,494 shares during that period but sold 480,454.

In the most recent transaction, DEBEL MARLENE sold 9,391 shares of MET for 63.18 per share on Aug 09. After the transaction, the EVP & Chief Risk Officer now owns 77,638 company shares. In a previous transaction on Mar 02, PAPPAS BILL sold 2,857 shares at 70.96 per share. MET shares that EVP, Global Tech. & Ops. owns now total 48,915.

Among the insiders who sold shares, PAPPAS BILL disposed of 11,345 shares on Feb 27 at a per-share price of $71.96. This resulted in the EVP, Global Tech. & Ops. holding 46,231 shares of MET after the transaction. In another insider transaction, HUBBARD ROBERT GLENN sold 6 shares at $72.24 per share on Dec 23. Company shares held by the Director now total 85,213.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Metlife Inc pays an annual dividend of $2.04, resulting in a dividend yield of 3.45%, and it has a price to earnings (P/E) ratio of 21.80. MET’s most recent ex-dividend date was 11/8/2023 when it declared a $0.52 quarterly dividend that was paid in cash on 12/14/2023. Previously, the company paid the dividend on 9/14/2023 with an ex-dividend date of 8/7/2023. The MET stock dividend was $0.52 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MET in the last 3 months, the mean price target is $77.88 with high estimates of $85.00 and low estimates of $69.40. In terms of 52-week highs and lows, MET has a high of $77.36 and a low of $48.95.

As of this writing, MET has an earnings estimate of $1.98 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $2.2 per share and a lower estimate of $1.8. The company reported an EPS of $1.52 in the last quarter, which was -16.90% lower than expectations of $1.83.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MET’s latest balance sheet shows that the firm has $367.50B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $34.47, while its Total Shareholder’s Equity was $67.75B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MET is Buy with a score of 4.29.

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