Price Target Update on MetLife (NYSE:MET)

MetLife (NYSE:MET) : The consensus price target for MetLife (NYSE:MET) is $52.7 for the short term with a standard deviation of $4.97. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $44.

Other Equity analysts have also commented on the company shares. JP Morgan maintains its view on MetLife (NYSE:MET) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. JP Morgan lowers the price target from $53 per share to $51 per share on MetLife . The rating by the firm was issued on May 5, 2016.

MetLife (NYSE:MET): stock turned positive on Thursday. Though the stock opened at $43.38, the bulls momentum made the stock top out at $44.18 level for the day. The stock recorded a low of $43.2 and closed the trading day at $44.17, in the green by 3.81%. The total traded volume for the day was 5,636,409. The stock had closed at $42.55 in the previous days trading.

The company shares have dropped -25.17% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $58.13 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.85 and the 200 Day Moving Average price is recorded at $43.70. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Global Employee Benefits) of Metlife Inc, Morris Maria R had sold 4,200 shares worth of $189,630 in a transaction dated June 1, 2016. In this transaction, 4,200 shares were sold at $45.15 per share.

MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.

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