In a report released today, Joshua Shanker from Bank of America Securities maintained a Buy rating on Metlife (MET – Research Report). The company’s shares opened today at $72.20.
Shanker covers the Financial sector, focusing on stocks such as Progressive, Allstate, and American International Group. According to TipRanks, Shanker has an average return of 9.5% and a 62.89% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Metlife with a $82.44 average price target, which is a 14.18% upside from current levels. In a report released on April 5, Piper Sandler also maintained a Buy rating on the stock with a $85.00 price target.
MET market cap is currently $53.34B and has a P/E ratio of 40.26.
Based on the recent corporate insider activity of 118 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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