MetLife (MET) stock is expected to deviate a maximum of $4.78 from the average target price of $51.2 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $62 and the most muted being $44.
MetLife (MET), A reduction of 184,381 shares or 1.3% was observed in the short interest of MetLife, Inc. The interest on June 30,2016 came in at 14,049,244 shares and as per the average daily trading of 9,982,305 shares, the days to cover are 1. The reduced interest is 1.5% of the floated shares. The data of June 15,2016 put the interest at 14,233,625 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on MetLife (NYSE:MET). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $46 per share to $42 per share. The rating by the firm was issued on July 7, 2016.
MetLife (NYSE:MET): stock turned positive on Thursday. Though the stock opened at $42.36, the bulls momentum made the stock top out at $42.975 level for the day. The stock recorded a low of $41.85 and closed the trading day at $42.38, in the green by 4.69%. The total traded volume for the day was 17,183,360. The stock had closed at $40.48 in the previous days trading.
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.