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MetLife, Inc. (MET)

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84.04 +2.78 (+3.42%)
At close: October 4 at 4:00 PM EDT
84.04 0.00 (0.00%)
After hours: October 4 at 5:29 PM EDT
Loading Chart for MET
DELL
  • Previous Close 81.26
  • Open 82.89
  • Bid 82.60 x 900
  • Ask 85.25 x 900
  • Day's Range 82.69 - 84.26
  • 52 Week Range 57.91 - 84.26
  • Volume 3,813,797
  • Avg. Volume 3,306,604
  • Market Cap (intraday) 58.855B
  • Beta (5Y Monthly) 1.03
  • PE Ratio (TTM) 22.84
  • EPS (TTM) 3.68
  • Earnings Date Oct 30, 2024
  • Forward Dividend & Yield 2.18 (2.59%)
  • Ex-Dividend Date Aug 6, 2024
  • 1y Target Est 87.70

MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements. It also provides pension risk transfers, institutional income annuities, structured settlements, and capital markets investment products; and other products and services, such as life insurance products and funding agreements for funding postretirement benefits, as well as company, bank, or trust-owned life insurance used to finance nonqualified benefit programs for executives. In addition, it provides fixed, indexed-linked, and variable annuities; pension products; regular savings products; whole and term life, endowments, universal and variable life, and group life products; longevity reinsurance solutions; credit insurance products; and protection against long-term health care services. MetLife, Inc. was incorporated in 1999 and is based in New York, New York.

www.metlife.com

45,000

Full Time Employees

December 31

Fiscal Year Ends

Recent News: MET

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Performance Overview: MET

Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

MET
30.13%
S&P 500
20.57%

1-Year Return

MET
44.06%
S&P 500
35.98%

3-Year Return

MET
47.67%
S&P 500
31.99%

5-Year Return

MET
124.73%
S&P 500
97.59%

Compare To: MET

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Statistics: MET

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Valuation Measures

Annual
As of 10/4/2024
  • Market Cap

    58.86B

  • Enterprise Value

    74.15B

  • Trailing P/E

    22.84

  • Forward P/E

    8.58

  • PEG Ratio (5yr expected)

    0.15

  • Price/Sales (ttm)

    0.91

  • Price/Book (mrq)

    2.16

  • Enterprise Value/Revenue

    1.09

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    4.23%

  • Return on Assets (ttm)

    0.42%

  • Return on Equity (ttm)

    10.12%

  • Revenue (ttm)

    68.77B

  • Net Income Avi to Common (ttm)

    2.71B

  • Diluted EPS (ttm)

    3.68

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    27.73B

  • Total Debt/Equity (mrq)

    174.13%

  • Levered Free Cash Flow (ttm)

    -1.99B

Research Analysis: MET

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 17.82B
Earnings 946M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

81.00 Low
87.70 Average
84.04 Current
96.00 High
 

Company Insights: MET

Research Reports: MET

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  • MetLife's Profitability Remains Strong, Boosted by Higher Rates

    MetLife is one of the largest life insurers in the US by assets and provides a variety of insurance and financial-services products. It is organized into five segments: US, Asia, Latin America, Europe/Middle East/Africa, and MetLife Holdings. The US business contributes around 50% of earnings and is broken into the group benefits segment and the retirement solutions segment. The Asia segment contributes around 22% of earnings and is mainly composed of the Japan business, with increasing contributions from India, China, and Bangladesh. The company also holds leading market positions in Mexico and Chile, with the Latin America segment contributing around 13% of earnings. The EMEA and MetLife Holdings segments contribute around 4% and 11% of earnings, respectively.

    Rating
    Price Target
     
  • MetLife's Profitability Remains Strong, Boosted by Higher Rates

    MetLife is one of the largest life insurers in the US by assets and provides a variety of insurance and financial-services products. It is organized into five segments: US, Asia, Latin America, Europe/Middle East/Africa, and MetLife Holdings. The US business contributes around 50% of earnings and is broken into the group benefits segment and the retirement solutions segment. The Asia segment contributes around 22% of earnings and is mainly composed of the Japan business, with increasing contributions from India, China, and Bangladesh. The company also holds leading market positions in Mexico and Chile, with the Latin America segment contributing around 13% of earnings. The EMEA and MetLife Holdings segments contribute around 4% and 11% of earnings, respectively.

    Rating
    Price Target
     
  • Pullback presents opportunity

    MetLife, based in New York, is a leading provider of insurance, as well as of employee benefit plans and other financial services. The shares are a component of the S&P 500.

    Rating
    Price Target
     
  • Insider buying tends to get more attention than insider selling. Indeed, Peter

    Insider buying tends to get more attention than insider selling. Indeed, Peter Lynch famously noted that 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Up until recently, 2024 was a very good year for equity investors, with all-time highs booked on a regular basis. So as insiders grew increasingly cautious over the past few months, it was easy to assume they were simply taking a little off the top. But about four weeks ago, the caution became more pronounced, and we noted in recent commentaries that 'insiders have increased their selling activity;' and then 'insiders continue to...cash in;' and then insider sentiment is 'deeply into bearish territory.' Finally, last week, we detailed that certain sell/buy ratios from Vickers Stock Research were at their most-bearish levels since February of 2023. So insider caution turned into a bearish stampede. More important (and keeping in mind the words of Peter Lynch) is the following: Are insiders starting to think that prices are again attractive? Not yet. Current insider-sentiment readings from Vickers remain very bearish for a third week, with the action on the NYSE especially bleak. Meanwhile, the Insider Index from Vickers now sits at its most-bearish reading since August of 2021. This will all turn eventually -- and we plan to call it out. But for now, playing defense remains the order of the day it seems. On a sector basis, selling by insiders last week was greatest in Information Technology, with shares valued at $114 million sold versus roughly $19 million bought. Buying outpaced selling in Communication Services. This week, analysts at Vickers highlighted insider transactions of interest at Appian Corp. (NGM: APPN) and The St. Joe Co. (NYSE: JOE)

     

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