In today’s session Metlife Inc (MET) registered an unusually high (2,490) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MET increase. With 2,490 contracts traded and 278184 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MET170120C00047500 closed last at: $1.98 or 17.8% down. About 2.58M shares traded hands. Metlife Inc (NYSE:MET) has risen 6.81% since March 14, 2016 and is uptrending. It has outperformed by 1.20% the S&P500.
Analysts await Metlife Inc (NYSE:MET) to report earnings on November, 2. They expect $1.28 EPS, up 106.45% or $0.66 from last year’s $0.62 per share. MET’s profit will be $1.41B for 9.14 P/E if the $1.28 EPS becomes a reality. After $0.83 actual EPS reported by Metlife Inc for the previous quarter, Wall Street now forecasts 54.22% EPS growth.
Metlife Inc (NYSE:MET) Ratings Coverage
Out of 12 analysts covering MetLife (NYSE:MET), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. MetLife has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded it to “Equal-Weight” rating and $56 target price in Wednesday, November 11 report. The rating was downgraded by Citigroup on Tuesday, January 5 to “Neutral”. Raymond James upgraded the stock to “Strong Buy” rating in Friday, January 22 report. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 19. The rating was reinitiated by Wells Fargo on Friday, September 23 with “Outperform”. The rating was maintained by FBR Capital on Monday, August 29 with “Outperform”. The firm has “Neutral” rating given on Friday, October 7 by Credit Suisse. The stock of Metlife Inc (NYSE:MET) has “Buy” rating given on Friday, July 31 by Deutsche Bank. Macquarie Research upgraded the shares of MET in a report on Thursday, January 14 to “Outperform” rating. The stock of Metlife Inc (NYSE:MET) earned “Buy” rating by Sandler O’Neill on Monday, June 27.
According to Zacks Investment Research, “Metlife Inc. is a leading provider of insurance and financial services to a broad spectrum of individual and institutional customers. The company currently provides individual insurance, annuities and investment products. The company also provides group insurance and retirement and savings products and services to corporations and other institutions. The company believes that their unparalleled franchises and brand names uniquely position them to be the preeminent provider of insurance and financial services in the U.S.”
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.01, from 1.03 in 2016Q1. The ratio is positive, as 55 funds sold all Metlife Inc shares owned while 343 reduced positions. 81 funds bought stakes while 334 increased positions. They now own 797.11 million shares or 0.92% less from 804.49 million shares in 2016Q1.
Bridgeway Management Incorporated last reported 628,134 shares in the company. Moreover, Checchi Capital Advisers Lc has 0.03% invested in Metlife Inc (NYSE:MET) for 7,464 shares. Ckw has 2,000 shares for 0.03% of their US portfolio. Oarsman Cap has invested 0.99% of its portfolio in Metlife Inc (NYSE:MET). Franklin owns 25.76M shares or 0.55% of their US portfolio. Private Natl Bank Tru Communication has 7,515 shares for 0.05% of their US portfolio. Nj State Employees Deferred Compensation Plan reported 22,766 shares or 0.19% of all its holdings. Central Commercial Bank Trust last reported 0.02% of its portfolio in the stock. First Natl Bank accumulated 0.95% or 27,535 shares. Twin Mngmt Inc last reported 68,530 shares in the company. Convergence Partners Ltd has 37,465 shares for 0.21% of their US portfolio. The Missouri-based has invested 0.02% in Metlife Inc (NYSE:MET). Carnegie Asset Management Limited Liability Corporation last reported 29,034 shares in the company. California State Teachers Retirement Sys holds 2.03M shares or 0.17% of its portfolio. Schooner Investment Group Inc Ltd Company owns 5,000 shares or 0.48% of their US portfolio.
MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The company has a market cap of $51.64 billion. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). It has a 12.3 P/E ratio. The Company’s Retail segment is organized into two businesses: Life & Other, and Annuities.
MET Company Profile
MetLife, Inc. (MetLife), incorporated on August 10, 1999, is a well-known provider of life insurance, annuities, employee benefits and asset management. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLife’s Corporate & Other contains the surplus portfolios for the enterprise, the portfolios used to fund the capital needs of the Company and various reinsurance agreements. In the United States, the Company provides a range of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities, through both proprietary and independent retail distribution channels, as well as at the workplace. Outside the United States, the Company provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups.
More recent Metlife Inc (NYSE:MET) news were published by: Marketwatch.com which released: “MetLife opts for spinoff of life insurance operations” on October 05, 2016. Also Investorplace.com published the news titled: “Three Big Stock Charts: Metlife Inc (MET), Apple Inc. (AAPL) and SPDR S&P …” on October 12, 2016. Bloomberg.com‘s news article titled: “MetLife, Norges Bank Venture Buys Washington Office Complex” with publication date: September 22, 2016 was also an interesting one.
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