MetLife Inc (MET)

MET (NYSE:Insurance) EQUITY
$39.44
pos +0.00
+0.00%
Today's Range: 39.38 - 41.47 | MET Avg Daily Volume: 6,087,100
Last Update: 06/24/16 - 4:01 PM EDT
Volume: 0
YTD Performance: -18.19%
Open: $0.00
Previous Close: $44.17
52 Week Range: $35.00 - $58.23
Oustanding Shares: 1,098,666,690
Market Cap: 48,528,107,697
6-Month Chart
TheStreet Ratings Grade for MET
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 8 8 9 9
Moderate Buy 2 2 2 2
Hold 2 2 3 3
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.50 1.50 1.57 1.57
Latest Dividend: 0.40
Latest Dividend Yield: 3.62%
Dividend Ex-Date: 05/05/16
Price Earnings Ratio: 9.44
Price Earnings Comparisons:
MET Sector Avg. S&P 500
9.44 11.40 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-6.76% -31.01% -10.30%
GROWTH 12 Mo 3 Yr CAGR
Revenue -4.60 0.00 0.01
Net Income -16.00 3.00 0.59
EPS -15.70 3.10 0.60
Earnings for MET:
EBITDA 8.68B
Revenue 69.95B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $1.38 $1.43 $5.43 $6.01
Number of Analysts 7 6 7 7
High Estimate $1.44 $1.46 $5.70 $6.20
Low Estimate $1.35 $1.36 $5.17 $5.75
Prior Year $1.56 $0.62 $4.86 $5.43
Growth Rate (Year over Year) -11.36% 130.11% 11.76% 10.60%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
By

Doug Kass

 | Jun 24, 2016 | 10:22 AM EDT
I'm trading around some positions, as I often do.
By

Doug Kass

 | Jun 23, 2016 | 5:22 PM EDT
The U.S. dollar weakened. Oil rose by 97 cents to more than $50 a barrel. Gold fell by $10 and closed at $1,260. Again, the $1,300 level has proven to be a formidable resistance point. Agricultural commodities continued for the second day in a row to be under pressure: wheat -4, corn -5.5, soybean -14 and oats unchanged. Lumber +2.50. Bonds fell in price and rose in yield, with the iShares 20+ Year Treasury Bond ETF (TLT) down $1.50. The 10-year U.S. note yield increased by nearly six basis points to 1.745%.The long bond's yield also climbed by nearly six basis points to 2.55%. The 2s/10s spread expanded by two basis points to 96 basis points. Municipals got hit and closed-end muni bond funds were lower in price. However, the high-yield bond market was strong, with iShares iBoxx High Yield Corporate Bond ETF (HYG) up 62 cents and SPDR Barclays High Yield Bond ETF (JNK) up 26 cents. Blackstone/GSO Strategic Credit Fund (BGB) rose by nine cents to $14.46 a share. Banks gapped higher, as rates rose. Stress test results shortly. Brokerages were strong. Insurance stocks rose, with large gains in Lincoln National (LNC), MetLife (MET) and Berkshire Hathaway (BRK.B). My long Hartford Financial Services Group (HIG) was up $1. Retail was broadly higher but marginally so. My two shorts underperformed; Foot Locker (FL) was lower and Nordstrom (JWN) was up only slightly. Old tech was stronger, with IBM (IBM) up $2.50. Auto stocks rose after being weak for several trading day. Energy stocks followed the commodity higher. Ag equipment was strong, led by a $1.80 gain for Caterpillar (CAT). Media underperformed with small (pennies) gains at Comcast (CMCSA) and Disney (DIS). (T)FANG rallied from morning weakness. Amazon (AMZN) led the parade, but Tesla (TSLA) remains under pressure. In individual stocks, Potash (POT) gained a beaner and Oaktree Capital Group (OAK) and HIG almost did as well. Twitter (TWTR), a recent buy, closed over $17 a share and now is up more than 15% from my buy about a week ago. My fav large-cap, DuPont (DD), was up $1.20 and looks like it has a mission to reach $70 a share. Here are some value-added contributions on our site: Jim "El Capitan" goes beyond Brexit.  Mark Sebastian also chimes in on Brexit.  Carley Garner on gold.  Rev Shark on Friday's "action." 
By

Doug Kass

 | Jun 14, 2016 | 4:26 PM EDT
The U.S. dollar strengthened today against the euro. Crude oil was down 50 cents to $48.40. Gold was up a beaner to $1,288. Agricultural commodities were mixed: wheat -4.50, corn +6.50, soybean flat, and oats +1. Lumber -5.25. Bonds were flat after a sharp rise in the early going. The 10-year yield and long-bond yield are unchanged. The 2s/10s spread is flat at about 92 basis points. Municipals were higher in price and closed-end muni funds continued to glow. High yield (I am watching closely, see above) was down. Blackstone/GSO Strategic Credit Fund (BGB) might be breaking down; it was down 12 cents on the day to $14.55. If I held, I would sell. Banks are worrisome as I wrote, with losses of 2% to 3% for the money centers. I remain short Financial Select Sector SPDR ETF (XLF), which is working; it was down 34 cents, or nearly 1.5% lower. There were so many bank bulls on the recent rise; they have now disappeared and have been silenced. Again, stay independent in thought and mostly throw out the price followers who are trying to sell you something! Insurance was broadly lower. Life stocks Lincoln National (LNC) and MetLife (MET) schmeissed,  but my long Hartford Financial Services Group (HIG) is still outperforming the market and its peer group. I am watching this one closely. Brokerages were awful and rolling over. Retail was weak. My short Nordstrom (JWN) was down by $1; it's my only position in the space. Home Depot (HD) was off $2.50 and conspicuously on the downside. Autos are unsound and running out of gas as previously mentioned. Energy shares were lower, but not materially. iShares Nasdaq Biotechnology ETF (IBB) was down nearly $2. There was no large individual security drops, but a broad-based decline. I have been out of the sector for almost two weeks now. Media was better, led by my short Disney (DIS), up 80-plus cents. Comcast (CMCSA) was up a quarter. Staples were stronger, hurting my Consumer Staples Select Sector SPDR ETF (XLP) short, though it is small in size. Ag equipment was down fractionally. (T)FANG was mixed. Tesla (TSLA) saw profit taking. Netflix (NFLX) reversed from a good gain to a small profit. In individual stocks, my long fav DuPont (DD) suffering from profit taking; I am eyeing the low $60s to replace what I recently sold off. I'm still medium in size, though. Oaktree Capital Group (OAK) continued to slide a bit today, but iShares China Large-Cap (FXI) was up a few pennies. I would short any strength. Sector exposure: XLP up, Materials Select Sector SPDR ETF (XLB) down (more!). Here are some value-added columns on our site today: Jim "El Capitan" Cramer on inspiration from Jay Leno.  Tim Melvin on funds with attractive yields.   Bobby Lang on volatility. (I will have more on the subject tomorrow.)  Jim Collins, Tim's illegitimate son, on the whacky bond market.  Roger Arnold on "The Paradox of Thrift" -- a frequent topic of mine.
By

Doug Kass

 | Jun 14, 2016 | 10:36 AM EDT
Apple (AAPL) Coca-Cola (KO) Fastenal (FAST) The iShares MSCI United Kingdom ETF (EWU) Lincoln National (LNC) MetLife (MET) Starbucks (SBUX) Walt
By

Doug Kass

 | Jun 10, 2016 | 8:48 AM EDT
It was Groundhog Day on Wall Street again. We finished down, but well off of the session lows. I did no trading. The U.S. dollar weakened. Oil, stronger in the morning, weakened in
By

Doug Kass

 | Jun 3, 2016 | 2:46 PM EDT
The U.S. dollar got schmeissed after the weak jobs report. Crude oil fell by 70 cents. Gold was up by $30 to $1,242. Agricultural commodities were inconsistent in price change today: wheat +8, corn +2, soybean -7 (after yesterday's huge ramp) and oats -1. Lumber +5. Bonds soared. iShares 20+ Year Treasury Bond ETF (TLT) was up $1.70. The 2s/10s spread stood at 92 basis points; a multiyear low, at 90 bps, occurred yesterday. The 10-year U.S. note dropped by nearly 11 basis points to 1.70% and the 20-year yield fell by seven basis points to 2.52%. Municipal bonds were stronger, as were closed-end muni bond funds. High yield traded slightly higher in price. Blackstone/GSO Strategic Credit Fund (BGB) was flat. Banks were the principal victim of lower rates; I expect a good portion of the spring rally to be retraced this summer. I added to my Financial Select Sector SPDR ETF (XLF) short. Citigroup's (C) management warning weighed on its shares. Jamie Dimon's auto loan warnings also are weighing on the bank sector as well as the auto space as credit quality and future funding issues arose. Brokerages were weak. Insurance stocks got smoked; I remain short Lincoln National (LNC), down $1.50, and MetLife (MET), down $1.40. My long Hartford Financial Services Group (HIG) was down 60 cents. Energy stocks fared better than the commodity drop with only modest losses. Retail exhibited modest price changes -- flat lined, on average. Old media fell back, led by IBM (IBM), down $1.25. Autos continue their weak spell, with both Ford (F) and General Motors (GM) falling to recent lows. Again, value traps. Ag equipment continued to be responsive to a Joy Global (JOY) beat. Both Deere (DE), on a Goldman upgrade, and Caterpillar (CAT) experienced nice gains. Media was flat to slightly lower. In individual stocks, Alibaba (BABA) traded poorly (still!) after its partial distribution by Softbank. Starbucks (SBUX) is still leaving a bitter taste. Apple (AAPL) was up small in a weak tape after a few days of underperformance. The Mighty Oak -- aka Oaktree Capital Group (OAK) -- dropped some leaves. DuPont (DD), my fav long, continues to be a dream coming true. Here are several value-added contributions on Real Money Pro: Jim "El Capitan" Cramer firing some yield-seeking missiles.  Skip Raschke loves gold and has some secrets how to trade it. And Tim "Not Judy or Phil" Collins has some additional thoughts on a trigger to buy gold.  "The Piano Man" RevShark sings about the Fed being a matter of trust.  Versace and Hawkins on what the jobs report might mean for stocks and economic forecasts.

bullishMetLife added to US1 List at BofA/Merrill

Jun 1, 2016 | 7:01 AM EDT

MET was placed on the US1 list, Bank of America/Merrill Lynch said. $59 price target. Company can unlock shareholder value through divestitures.

By

Doug Kass

 | May 31, 2016 | 3:45 PM EDT
The U.S. dollar advanced modestly. I continue to see more strength ahead, which should help my Consumer Staples Select Sector SPDR ETF (XLP) short (last week's Trade of the Week) and my XLB short (this week's Trade of the Week). Crude oil declined by 42 cents and is under $49. I am short energy stocks and I wouldn't be surprised if oil prices rolled over in the face of (1) the recent rip and (2) more evidence of slowing domestic economic growth. Nat gas rose by 12 cents. Gold rose by $2.80 and is trading at $1,219; my guess is $1,150 before $1,300, but this is a non-rigorous guess! Agricultural commodities got schmeissed: wheat -15.50, corn -7.75 (UBS raised Deere (DE) based on higher corn prices -- we will see!), soybeans -8.0 and oats -3.75. Lumber -6.40. Bonds were better bid. The yield on the 10-year note was down a basis point at 1.83% and the long bond also was basis point lower at 2.635%. Municipals were slightly higher in price and lower in yield. Closed-end municipal bond funds were mixed. High yield was sold. Blackstone/GSO Strategic Credit Fund (BGB) was flat after making a near-term high earlier in the morning at $14.40. Banks reversed to the downside after morning gains. I would continue to avoid them, but I am in the minority. Seems like every talking head now loves the space after rejecting banks at the lows. Insurance got hit, though my long Hartford Financial Services Group (HIG) outperformed Lincoln National (LNC) and MetLife (MET) --- a good thing. Brokerages also reversed good gains in the a.m. I'm not interested here with capital markets dull and trading light. iShares Nasdaq Biotechnology ETF (IBB) was up $3 but off the day's highs. AGN now is reversing back into the red. Valeant (VRX) can't rally. Gilead Sciences (GILD), Celgene (CELG) and Intrexon (XON) -- three other recent additions -- are trading well. Energy stocks were conspicuously weak despite a quiet day in the commodity. Media, led by Disney (DIS), was weaker. I addressed DIS earlier in the day. Staying short. Autos turned lower, but fractionally so. I still endorse the Peak Autos thesis. Agricultural equipment was trading better on the Deere upgrade, but sense it will be short-lived. Retail was mixed, but my shorts Nordstrom (JWN) and Foot Locker (FL) were lower by about half a beaner. I have no longs and don't anticipate a move in the retail space on the long side. Staples were broadly lower, a good thing for last week's Trade of the Week, short XLP. TFANG was buoyed by another new high in Amazon (AMZN), up $8.50. Others were fading. NOSH -- all four names were lower, led by Home Depot (HD), O'Reilly Automotive (ORLY) and Nike (NKE). In individual names, Potash (POT) suffered a downgrade by Stifel.  The MIghty Oak, Oaktree Capital Group (OAK), was up on the day. Twitter (TWTR) continues to rally, albeit from low levels. Apple was down $1.10 on the upgrade cycle lengthening news (see above). Mortgage insurance was flat.  Here are five good columns from Real Money Pro today: Jim "El Capitan" Cramer sees bargains. I see few sectors or stocks that meet my standards of value. Ben "Goldfinger" Cross sees the credibility of the Fed put to the test. This is a refrain of mine for the last 12 months.  Tom Graff asks what numbers are most meaningful to the Fed. Tim "Not Judy or Phil" Collins on alphabet soup!  Divine defines sentiment  and RevShark goes Tina Turner on us.
By

The Deal

 | May 21, 2016 | 4:00 PM EDT

Central bank governor Daniel Tarullo outlined some details for big 'systemically important' insurers but assured that compliance charges will be...

By

Doug Kass

 | May 18, 2016 | 9:58 AM EDT
History of the World, Part I (although market participants haven't learned much from history). Young Frankenstein (although it's the machines and algos, not the Frankenstein monster, that have come to life).

.... that Monday is a total bloodbath.

I was going to publish a thought piece on Pandora and Groupon for the weekend; but it will...
Clorox is trading at new all time highs today with the help of a nice bump in trade.  The...
Spot Gold has hurdled-- and is sustaining above-- its prior significant rally peak at $130...

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