In a report released today, John Barnidge from Piper Sandler maintained a Buy rating on Metlife (MET – Research Report), with a price target of $82.00. The company’s shares closed last Friday at $70.52.
Barnidge covers the Financial sector, focusing on stocks such as Voya Financial, CNO Financial, and Prudential Financial. According to TipRanks, Barnidge has an average return of 9.3% and a 58.43% success rate on recommended stocks.
Metlife has an analyst consensus of Strong Buy, with a price target consensus of $85.63, which is a 21.43% upside from current levels. In a report released on May 3, KBW also assigned a Buy rating to the stock with a $87.00 price target.
MET market cap is currently $50.15B and has a P/E ratio of 24.24.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MET in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Metlife (MET) Company Description:
Headquartered in New York, MetLife, Inc. is among the largest global providers of insurance and financial services to individual and institutional customers. It offers life insurance, annuities, employee benefits and asset management services. The company operates through the following segments: U.S., Asia, Latin America, Europe, the Middle East and Africa (EMEA), and MetLife Holdings.
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