MetLife Inc (MET)

MET (NYSE:Insurance) EQUITY
$43.31
pos +0.90
+2.12%
Today's Range: 42.49 - 43.48 | MET Avg Daily Volume: 7,951,400
Last Update: 08/30/16 - 4:02 PM EDT
Volume: 8,397,277
YTD Performance: -12.03%
Open: $42.50
Previous Close: $42.41
52 Week Range: $35.00 - $52.45
Oustanding Shares: 1,098,872,382
Market Cap: 45,921,876,844
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 5 6 8 8
Moderate Buy 2 2 2 2
Hold 3 3 2 2
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.80 1.73 1.50 1.50
Latest Dividend: 0.40
Latest Dividend Yield: 3.83%
Dividend Ex-Date: 08/04/16
Price Earnings Ratio: 10.97
Price Earnings Comparisons:
MET Sector Avg. S&P 500
10.97 9.10 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-7.34% -15.72% -8.68%
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 (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $1.24 $1.34 $4.62 $5.68
Number of Analysts 6 5 6 6
High Estimate $1.35 $1.39 $4.70 $5.85
Low Estimate $1.09 $1.30 $4.48 $5.50
Prior Year $0.62 $1.23 $4.86 $4.62
Growth Rate (Year over Year) 100.00% 9.11% -4.87% 22.75%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
By

Doug Kass

 | Aug 30, 2016 | 2:51 PM EDT
The U.S. dollar strengthened again. The price of crude oil dropped by another 60 cents (same as yesterday) to $46.35. Gold is souring and seems to have a meeting at $1,300; down another $11.40 to $1,318. Ag chemicals continue their schmeissing: wheat -4, corn -5, soybean -17 and oats -4. Bonds flat lined. The yield on the 10-year note and long bond showed no change. The 2/10s spread rose by one basis point to 78 basis points. Banks (weird divergence against bonds/slope continues, but less so than yesterday) and brokers are still the world's fair. Insurers are rallying. I'm adding to HIG. I'm down to tag ends in MetLife (MET) and Lincoln National (LNC) . Non-taxables (munis) and junk bonds sold off small. Biotech are down small. Retail is conspicuously weak -- the worst-performing S&P group. I'm adding to JCP, but it's an investment and not a trade. Autos and energy are mixed. Old tech is broadly lower. Consumer staples are reversing (maybe it's the EC decision against Apple?) yesterday's gains as our currency firms. I recently added to my Coca-Cola (KO) short (a conservative and low-risk way to short Mr. Market). Media is lower. Ag equipment got hit on a worsening ag commodities picture. (T)FANG's five components are lower on the day. Here are some value-added contributions on our site today: Jim "El Capitan" Cramer on Apple.  Dueling Apple views by Tony Owusu.  Ed Ponsi (Scheme) keeping it real.  "Meet" Bret Jensen on two interesting speculative biotech names.  Boring, according to the righteous Rev Shark.
By

Doug Kass

 | Aug 29, 2016 | 2:52 PM EDT
Oil is lower yet energy stocks -- including my shorts Exxon Mobil (XOM) and Schlumberger (SLB) -- are higher. Treasury yields are lower and the yield curve flattens, yet banks and financials are higher. The U.S. dollar is stronger yet consumer staples are higher. Fertilizer stocks are crap.  My Trade of the Week is
By

Doug Kass

 | Aug 29, 2016 | 10:53 AM EDT
Let's make a long of Hartford Financial (HIG) this week's Trade of the Week.
By

Doug Kass

 | Aug 16, 2016 | 11:23 AM EDT
I'm picking at more shares of Hartford Financial (HIG) this morning.
By

David Katz

 | Aug 10, 2016 | 7:00 AM EDT
The market is assigning too great a discount to the shares amid a weak short-term environment.
By

John Reese

 | Aug 8, 2016 | 6:00 AM EDT
Such companies tend to perform well over the long term.
By

Doug Kass

 | Aug 5, 2016 | 5:39 PM EDT
The U.S. dollar strengthened in response to the good jobs report, up 0.75% for the week. The price of crude oil was flat, near $42, after yesterday's smart rally. Gold got schmeissed, down $25 to $1,342. I am watching for a buy entry point but rate differentials and a stronger U.S. currency could pressure precious metals in the near term. See Ben Cross below. Agricultural commodities: wheat +13, corn +2, soybeans +18. Lumber +6. Bonds were hit hard. Short bonds is now my largest investment position. iShares 20+ Year Treasury Bond ETF (TLT) was down $1.45. The yield on the 10-year U.S. note rose by nine basis points to 1.59% and the long bond by six basis points to 2.32%. The 2s/10s spread expanded by two basis points to 87 basis points, aiding financial stocks. Municipals got hit and closed-end muni bond funds suffered. Banks were standout beneficiaries from the jobs report. I covered my Financial Select Sector SPDR ETF (XLF) short trade earlier this week. Brokerages were higher. Life insurers rebounded from MetLife (MET) inspired weakness on Thursday. In pharma, Merck (MRK) and Bristol-Myers Squibb (BMY) provided the fireworks, with the former up 10%-plus and the latter down 16%. Retail was inspired by better jobs numbers. Nordstrom (JWN) , my principal short, reversed earlier-week weakness. Old tech was boring, doing little. Autos were up, but only modestly. Media was better. Consumer staples suffered under the weight of a strong U.S. dollar Ag equipment was better, coincident with rising ag commodities. (T)FANG was better, but only modestly so, save Tesla, which was lower. In individual stocks, my long Twitter (TWTR) continued higher. ProShares UltraShort S&P 500 ETF (SDS) , my Trade of the Week, fell by 1.7%. Not so good. Here are several value-added contributions on our site today: Jim "El Capitan" Cramer on the jobs reports supporting the market's gains.  Ben "Goldfinger" Cross on another buying opportunity in gold. I read this one twice! "Big" James Gentile on "what gives" with this market?  Ed Ponsi "Scheme" on "will the real Tesla stand up?"  Rev Shark on getting the market "juiced." Enjoy the weekend!
By

Doug Kass

 | Aug 4, 2016 | 3:50 PM EDT
The U.S. dollar strengthened. The price of crude oil rose by $1.03 to $41.86 Gold was up $4 to $1,368. Agricultural commodities got a beat-down: wheat -7, corn -4, soybean -1 and oats -4. Lumber +6. Bonds rose in price and were down in yield. The yield on the 10-year U.S. note dropped by four basis points to under 1.5% and the long bond's yield by a like amount to 2.25%. The 2s/10s spread contracted by two basis points to 85. The municipal market was well-bid. Closed-end muni bond funds rallied. Junk bonds were particularly strong with a rise in crude oil for the second day in a row, though Blackstone/GSO Strategic Credit Fund (BGB) was down three pennies. Bank stocks ignored lower rates and were mixed to higher after a very strong Wednesday. As I mentioned above, life insurers got schmeissed after large annuities writedowns at Metlife (MET) (a short). Brokerages were down small. Biotech continues to hang in after a sharp climb recently. Retail was mixed to lower. A small dead-cat bounce for short Nordstrom (JWN) , which has gotten taken out to the woodshed this week. Auto stocks continue to act poorly, but old tech was broadly higher (though most were up just fractionally). Ag equipment was lower on weak ag commodities pricing. Consumer staples were mixed despite a stronger currency. In individual stocks, my long Twitter and my short Apple (AAPL) were better on the day. Here are some value-added contributions on our site: Jim Cramer on winning the Internet battle.  Ed Ponsi "Scheme" takes a look in the rearview mirror at Brexit.  Daniel Dicker on playing long ball with oil (vey)!  Rev Shark on stock picking.  Tim Melvin on a Cape Canaveral launch.   
By

Doug Kass

 | Aug 4, 2016 | 11:31 AM EDT
With the Bank of England easing monetary policy today, I'd like to point out that life insurance is the most-exposed sector to lower rates. (The second-most-exposed one is banking).
By

Doug Kass

 | Aug 3, 2016 | 8:46 AM EDT
Hartford's second-quarter miss was materially a function of weak results in the company's auto-insurance business, which faced "loss-cost" issues for current and prior-year claims. However, HIG lifted auto-insurance rates early this year. Because most auto policies are annual, the resulting margin improvement should begin to appear in 2017's second half. Hartford's earnings shortfall also partly reflected special charges for exposure to asbestos/environmental, catastrophic experiences, etc. Many of the firm's other business lines (group benefits, mutual funds and runoff business Talcott) performed as expected. HIG has had to deal with the continued adverse impact of low interest rates, which are hurting all insurers by reducing reinvestment opportunities. Importantly, forward-looking premium renewals were in line. Hartford's core small-commercial-insurance business also remains a "plum" even though it faces increased competition from Chubb (CB) . Hartford's overall commercial business faced difficult comps in the second quarter due to lower property costs and favorable weather a year earlier. However, the unit continues to thrive amid mild competition that allows for a good rate backdrop. The line's expenses have temporarily risen as HIG makes long-term technology investments, but these wi
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