MetLife (NYSE:MET) has tumbled 2.14% during the past week and has dropped 5.47% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.96%. MetLife (NYSE:MET) has underperformed the index by 6.33% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
MetLife (NYSE:MET): The stock opened at $42.22 on Friday but the bulls could not build on the opening and the stock topped out at $42.53 for the day. The stock traded down to $41.79 during the day, due to lack of any buying support eventually closed down at $42.17 with a loss of -0.12% for the day. The stock had closed at $42.22 on the previous day. The total traded volume was 7,408,495 shares.
The company shares have dropped -26.46% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $58.23 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $44.08 and the 200 Day Moving Average price is recorded at $43.93.
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.
Many analysts have stated their opinion 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. Currently the company Insiders own 0.27% of MetLife shares according to the proxy statements. Institutional Investors own 75.4% of MetLife shares.
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.