Metlife (NYSE:MET) had its price target boosted by Wells Fargo & Co from $55.00 to $57.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. Sandler O’Neill cut shares of Metlife from a buy rating to a hold rating and set a $50.00 price objective for the company. in a research report on Tuesday, March 19th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the stock a hold rating in a research report on Wednesday, May 22nd. UBS Group increased their price target on shares of Verisk Analytics from $106.00 to $111.00 and gave the stock a sell rating in a research report on Tuesday, April 9th. Citigroup cut shares of Barrick Gold to a neutral rating in a research report on Thursday, May 23rd. Finally, ValuEngine raised shares of Yirendai from a strong sell rating to a sell rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $50.67.

NYSE:MET opened at $50.92 on Thursday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $48.82. The stock has a market cap of $48.39 billion, a PE ratio of 9.45, a P/E/G ratio of 1.08 and a beta of 1.10. Metlife has a 1-year low of $37.76 and a 1-year high of $50.94.

Metlife (NYSE:MET) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. The company had revenue of $15.45 billion during the quarter, compared to analysts’ expectations of $15.95 billion. Metlife had a net margin of 7.56% and a return on equity of 10.20%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. On average, analysts predict that Metlife will post 5.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 6th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, August 5th. This represents a $1.76 annualized dividend and a dividend yield of 3.46%. Metlife’s payout ratio is 32.65%.

Hedge funds have recently modified their holdings of the company. Dana Investment Advisors Inc. bought a new position in shares of Metlife during the fourth quarter worth about $450,000. Sigma Planning Corp lifted its holdings in Metlife by 16.9% in the first quarter. Sigma Planning Corp now owns 15,922 shares of the financial services provider’s stock worth $678,000 after acquiring an additional 2,297 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in Metlife by 169.9% in the fourth quarter. Belpointe Asset Management LLC now owns 14,593 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 9,187 shares during the last quarter. MML Investors Services LLC lifted its holdings in Metlife by 22.3% in the fourth quarter. MML Investors Services LLC now owns 69,961 shares of the financial services provider’s stock worth $2,873,000 after acquiring an additional 12,779 shares during the last quarter. Finally, Hallmark Capital Management Inc. lifted its holdings in Metlife by 24.7% in the first quarter. Hallmark Capital Management Inc. now owns 37,913 shares of the financial services provider’s stock worth $1,614,000 after acquiring an additional 7,498 shares during the last quarter. 75.66% of the stock is currently owned by institutional investors and hedge funds.

About Metlife

MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.

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Analyst Recommendations for Metlife (NYSE:MET)

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