In today’s session Metlife Inc (MET) registered an unusually high (20,259) 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 20,259 contracts traded and 285204 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MET170120C00052500 closed last at: $0.34 or 17.2% up. About 443,360 shares traded hands. Metlife Inc (NYSE:MET) has risen 9.16% since April 5, 2016 and is uptrending. It has outperformed by 7.21% the S&P500.
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. $65.0 is the highest target while $46 is the lowest. The $55 average target is 14.65% above today’s ($47.97) stock price. MetLife has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by Macquarie Research to “Outperform” on Thursday, January 14. The stock has “Neutral” rating given by Citigroup on Tuesday, January 5. As per Tuesday, January 19, the company rating was maintained by RBC Capital Markets. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Strong Buy” rating on Friday, January 22 by Raymond James. On Monday, June 27 the stock rating was upgraded by Sandler O’Neill to “Buy”. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, November 11. On Wednesday, July 13 the stock rating was downgraded by Deutsche Bank to “Hold”. The rating was maintained by FBR Capital with “Outperform” on Monday, August 29. The rating was reinitiated by Wells Fargo with “Outperform” on Friday, September 23.
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 2016 Q2. 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.
Nicholas Wi owns 9,400 shares or 0.01% of their US portfolio. Hudock Gru Ltd Com last reported 0% of its portfolio in the stock. Moreover, Sumitomo Mitsui Hldg Inc has 0.18% invested in Metlife Inc (NYSE:MET) for 2.60 million shares. Gemmer Asset Lc reported 595 shares or 0.01% of all its holdings. Meeder Asset has invested 0.29% of its portfolio in Metlife Inc (NYSE:MET). Comerica Bank & Trust holds 0.1% of its portfolio in Metlife Inc (NYSE:MET) for 275,551 shares. Moreover, Invesco Ltd has 0.12% invested in Metlife Inc (NYSE:MET) for 8.11 million shares. Neuberger Berman Grp Incorporated Ltd Llc last reported 0.17% of its portfolio in the stock. Bank & Trust Of Montreal Can has invested 0.13% of its portfolio in Metlife Inc (NYSE:MET). Principal Gp last reported 1.51M shares in the company. Capstone Investment Advisors Llc owns 34,502 shares or 0.03% of their US portfolio. Forward Llc accumulated 12,737 shares or 0.04% of the stock. Fincl Bank Of Nova Scotia last reported 0.01% of its portfolio in the stock. Gam Holdg Ag last reported 262,040 shares in the company. Panagora Asset Mngmt Inc holds 63,954 shares or 0.01% of its portfolio.
MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The company has a market cap of $52.01 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 12.61 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: Businesswire.com which released: “MetLife Announces Third Quarter 2016 Results” on November 02, 2016. Also Wsj.com published the news titled: “US Oversight of MetLife Called Into Question at Court Hearing” on October 24, 2016. Nasdaq.com‘s news article titled: “MetLife Inc. Announces 100% Rise In Q3 Earnings” with publication date: November 02, 2016 was also an interesting one.
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