Metlife Inc (NYSE: MET) has a higher price-to-earnings ratio of 40.33x compared to its average ratio. MET has 36-month beta value of 1.03. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for MET is 604.09M, and currently, short sellers hold a 1.18% ratio of that float. The average trading volume of MET on April 09, 2024 was 3.66M shares.
MET) stock’s latest price update
Metlife Inc (NYSE: MET)’s stock price has increased by 0.24 compared to its previous closing price of 73.60. However, the company has seen a 0.12% increase in its stock price over the last five trading sessions. Business Wire reported 2024-04-03 that NEW YORK–(BUSINESS WIRE)–METLIFE TO HOLD CONFERENCE CALL FOR FIRST QUARTER 2024 RESULTS.
MET’s Market Performance
MET’s stock has risen by 0.12% in the past week, with a monthly rise of 3.38% and a quarterly rise of 7.05%. The volatility ratio for the week is 1.44% while the volatility levels for the last 30 days are 1.43% for Metlife Inc The simple moving average for the last 20 days is 1.28% for MET stock, with a simple moving average of 14.18% for the last 200 days.
Analysts’ Opinion of MET
Many brokerage firms have already submitted their reports for MET stocks, with Goldman repeating the rating for MET by listing it as a “Buy.” The predicted price for MET in the upcoming period, according to Goldman is $80 based on the research report published on January 08, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see MET reach a price target of $71. The rating they have provided for MET stocks is “Overweight” according to the report published on November 17th, 2023.
Deutsche Bank gave a rating of “Hold” to MET, setting the target price at $71 in the report published on October 05th of the previous year.
MET Trading at 4.77% from the 50-Day Moving Average
After a stumble in the market that brought MET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.20% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares surge +4.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.82% upper at present.
During the last 5 trading sessions, MET rose by +0.12%, which changed the moving average for the period of 200-days by +35.25% in comparison to the 20-day moving average, which settled at $72.99. In addition, Metlife Inc saw 11.57% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MET starting from PAPPAS BILL, who sale 27,000 shares at the price of $72.27 back on Mar 18 ’24. After this action, PAPPAS BILL now owns 57,768 shares of Metlife Inc, valued at $1,951,325 using the latest closing price.
TADROS RAMY, the President, U.S. Business of Metlife Inc, sale 4,026 shares at $71.90 during a trade that took place back on Mar 13 ’24, which means that TADROS RAMY is holding 146,981 shares at $289,479 based on the most recent closing price.
Stock Fundamentals for MET
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 1.0 for the gross margin
The net margin for Metlife Inc stands at 0.02. The total capital return value is set at 0.0. Equity return is now at value 5.53, with 0.23 for asset returns.
Based on Metlife Inc (MET), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.73. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 0.99.
Currently, EBITDA for the company is 2.36 billion with net debt to EBITDA at -1.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 2.29for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.91.
Conclusion
To put it simply, Metlife Inc (MET) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
