[Business Wire] - MetLife, Inc. announced today that it has been recognized by the Hispanic Association on Corporate Responsibility for its commitment to transparency on HispanicRead more on this.
MetLife, Inc. (MET), currently valued at $58.18B, started trading this morning at $52.67. Looking at today's trading action, the company's one day range from $51.71 to $52.75 with the price of the stock fluctuating between $35.25 to $54.80 over the last 52 weeks. MET shares are currently priced at 9.29x this year's forecasted earnings, which makes them relatively inexpensive compared to the industry's 15.27x earnings multiple. And for passive income investors, the company pays shareholders $1.10 per share annually in dividends, yielding 2.10%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.41 per share, which would be $0.07 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $5.69 is a $0.06 better when compared to the previous year's annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.67 Billion. If realized, that would be a 4.06% increase over the year-ago quarter. Recently, UBS downgraded MET from Buy to Neutral (Jan 6, 2014). Previously, Deutsche Bank Initiated MET at to Hold. When considering if the stock is under or overvalued, the average price target is $60.19, which is 14.28% above where the stock opened this morning. Summary (NYSE:MET) : MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa. The company provides variable, universal, term, and whole life products; individual disability income products; personal lines property and casualty insurance, including private passenger automobile, homeowners, and personal excess liability insurance; and variable and fixed annuities for asset accumulation and distribution needs, as well as mutual funds and other securities products. It also offers group insurance products, such as variable, universal, and term life products; dental, group short- and long-term disability, and accidental death and dismemberment coverages; and voluntary and worksite products consisting of personal lines property and casualty insurance, as well as LTC, prepaid legal plans, and critical illness products. In addition, the company provides annuity and investment products comprising guaranteed interest products and other stable value products, income annuities, and separate account contracts for the investment management of defined benefit and defined contribution plan assets; and structured settlements and products to fund postretirement benefits and company-, bank- or trust-owned life insurance, as well as health insurance, group medical, credit insurance, endowment, retirement, and savings products. It serves individuals and corporations, as well as other institutions and their employees. The company sells its products through sales forces, third-party organizations, independent agents, and property and casualty specialists, as well as through career agency, bancassurance, direct marketing, brokerage, and e-commerce channels. MetLife, Inc. was founded in 1863 and is based in New York, New York. Tag Helper ~ Stock Code: MET | Common Company name: MetLife | Full Company name: MetLife Inc (NYSE:MET) .
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