Wells Fargo & Company Has Lowered Expectations for MetLife (NYSE:MET) Stock Price

MetLife (NYSE:MET) had its price objective lowered by Wells Fargo & Company from $93.00 to $92.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 8.25% from the company’s current price.

Several other analysts also recently weighed in on MET. Barclays raised their target price on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Piper Sandler lifted their price objective on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. TD Cowen lifted their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group increased their price objective on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, MetLife currently has an average rating of “Moderate Buy” and an average target price of $89.92.

MetLife Stock Up 1.4 %

NYSE MET opened at $84.99 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife has a fifty-two week low of $64.61 and a fifty-two week high of $89.05. The business has a 50 day moving average price of $83.16 and a two-hundred day moving average price of $79.20. The stock has a market cap of $58.85 billion, a PE ratio of 17.14, a P/E/G ratio of 0.76 and a beta of 1.07.

Hedge Funds Weigh In On MetLife

Institutional investors have recently made changes to their positions in the stock. Aaron Wealth Advisors LLC lifted its holdings in shares of MetLife by 9.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,704 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 234 shares during the last quarter. Financial Management Professionals Inc. increased its position in MetLife by 11.3% in the fourth quarter. Financial Management Professionals Inc. now owns 7,770 shares of the financial services provider’s stock worth $636,000 after buying an additional 786 shares during the period. Jackson Square Capital LLC lifted its stake in MetLife by 50.8% in the fourth quarter. Jackson Square Capital LLC now owns 12,528 shares of the financial services provider’s stock valued at $1,026,000 after buying an additional 4,219 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of MetLife by 53.7% during the fourth quarter. HB Wealth Management LLC now owns 20,420 shares of the financial services provider’s stock valued at $1,672,000 after acquiring an additional 7,135 shares during the period. Finally, Trust Co. of Vermont grew its position in shares of MetLife by 24.4% during the fourth quarter. Trust Co. of Vermont now owns 3,168 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 622 shares during the last quarter. 94.99% of the stock is owned by institutional investors.

MetLife Company Profile

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.