MetLife Inc (MET)

MET (NYSE:Insurance) EQUITY
$45.88
pos +0.61
+1.30%
Today's Range: 45.51 - 46.08 | MET Avg Daily Volume: 6,151,100
Last Update: 05/25/16 - 11:09 AM EDT
Volume: 1,389,675
YTD Performance: -6.10%
Open: $45.60
Previous Close: $45.27
52 Week Range: $35.00 - $58.23
Oustanding Shares: 1,098,666,690
Market Cap: 48,824,747,704
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 9 9 9
Moderate Buy 2 2 2 2
Hold 2 3 3 2
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.50 1.57 1.57 1.46
Latest Dividend: 0.40
Latest Dividend Yield: 3.60%
Dividend Ex-Date: 05/05/16
Price Earnings Ratio: 9.50
Price Earnings Comparisons:
MET Sector Avg. S&P 500
9.50 11.40 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
17.40% -14.95% 7.68%
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 (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $1.40 $1.43 $5.45 $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 $5.45
Growth Rate (Year over Year) -10.44% 130.11% 12.05% 10.31%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
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).
By

David Katz

 | May 18, 2016 | 7:00 AM EDT

We offer 10 names each in the Opportunistic Value portfolio and the Income-Oriented portfolio.

By

Doug Kass

 | May 10, 2016 | 3:17 PM EDT
Markets were oversold. The S&P 500 held the 50-day moving average. The put/call ratio popped back up.  From here, the key might be to watch what other asset classes rally with e
By

Doug Kass

 | May 10, 2016 | 8:54 AM EDT
Fundamentals. These are weak and weakening. Peaks are plentiful, payroll growth is moderating, real GDP is weak and China is a big question mark. Valuations. These are elevated by historic standar
By

Doug Kass

 | May 9, 2016 | 4:55 PM EDT
The U.S. dollar strengthened. Crude oil dropped by $1.22 to $43.44, just in time when a lot of pundits like the price action and turned bullish. Frankly, these short-term forecasts for crude -- or, for that matter, almost any commodity -- are silly talk and usually the projections are non-rigorous. My two bits. (BTW, the Saudi oil minister has been replaced, which is causing some consternation and concerns). Gold got schmeissed, down by $28.70 to $1,265, as the commodity drifts away from the $1,300 resistance level. Agricultural commodities: wheat -5.75, corn -9.25, soybean -7.75 and oats -4.50. Lumber +10. Bonds climbed modestly. The yield on the 10-year U.S. note (1.76%) and the long bond (2.62%)   dropped by one basis point each. Municipals better bid. Those fab closed-end muni bond funds continued to rise. High yield did little. However, Blackstone/GSO Strategic Credit Fund (BGB) was down a dime and sits at $14.   Bank stocks retreated but are up from the day's lows. Over there, weakness in Deutsche Bank (DB) shares continues to concern me. Brokerages were lower, with Morgan Stanley (MS) down 15 cents and Goldman Sachs (GS) off $1.34 Life insurance stocks were mixed. Lincoln National (LNC) was up 18 cents after a walloping last week, but MetLife (MET) was down a dime. Hartford Financial Services Group (HIG), I am watching you (and adding); it was up another 30 cents. My short, Berkshire Hathaway (BRK.B), was down almost two beaners (it was an early-line favorite to be Trade of the Week). Consumer staples flat lined. Old tech was quiet. Energy stocks got hit with lower crude. Schlumberger (SLB) was a downside standout, off $2.35. Biotech finally could be turning. iShares Nasdaq Biotechnology ETF (IBB) was up more than 2.5% and Allergan (AGN) was the world's fair, up $12. Valeant (VRX) continues lower, down another 6%. All my old Biotech Basket is prospering. Media uninteresting with little price action. Retail was stronger, led by short pick Nordstrom (JWN), up $1.14. Agricultural equipment bad, but good for me (as I'm short). Deere (DE) was down 87 cents and Caterpillar (CAT) fell $2.58. (T) FANG was mixed, with Alphabet (GOOGL) up $3.95 and Amazon (AMZN) up $5.80 but short TSLA down $6. NOSH was better, led by O'Reilly Automotive (ORLY) and Home Depot (HD). Twitter (TWTR) was in its customary lower position, off 20 cents and near its 52-week low. Radian Group (RDN) was flat and Potash (POT) was down 28 cents. Oaktree Capital Group (OAK) was off 40 cents and long fav DuPont (DD) edged down 17 cents. New short iShares MSCI United Kingdom (EWU) is trending lower and was down 11 cents. Here is some good stuff appearing on Real Money Pro today: Jim "El Capitan" Cramer on the unwieldy market. It's a continuing theme of mine (the market without memory from day to day)  over the last few months. Mark "Nashville Cats"   Sebastian on the VIX and the Summer Time Blues?     Jonathan "Catch 22" Heller on Sears Hometown (SHOS).  Brian Sozzi on malls.  James Gentile on second derivative housing plays.
By

Doug Kass

 | May 6, 2016 | 9:55 AM EDT
Interest rates. Banks are rate-sensitive animals. With balance-sheet imbalances of rate-sensitive vs. liability-sensitive assets, all banks are suffering from our current low-interest-rate environment. They would benefit from higher rates and a more positive slope to the yield curve -- but while I believe interest rates are near cycle lows, I don't expect any meaningful pick-up in rates for some time. I don't expect the yield curve to resume a more normal slope any time soon, either. Politics. Donald Trump has out-trumped all 16 of his rivals to become the presumptive Republican presidential nominee, while it the odds of a Hillary Clinton Democratic nomination are rising. These developments produce a less-favorable political backdrop for bank stocks. Profit woes. Bank profits will continue to come under pressure and seem unlikely to meet 2016 consensus expectations. Given the above, I sold my bank longs into the sector's February-to-April rally, and I recently shorted the Financial Select Sector SPDR ETF (XLF) as well. I'm also shorting Metlife (MET) and Lincoln National (LNC), as I believe that life insurers face reinvestment challenges. (This week's much-weaker-than-expected earnings reports from insurers only confirmed my thesis, so I boosted my MET and LNC shorts.) I remain long on Oaktree Capital (OAK) and Hartford Financial (HIG) -- but as noted previously, I'm short on Berkshire Hathaway. The Times They are a Changin' for Warren Buffett's firm. My overall sentiment: Negative (down from a previous Positive) Health Care/Biotech The political battle over health care intensified over the past few months as Democratic and Republican presidential aspirants vied for attention and popularity. And if I'm correct in predicting a probable Hillary Clinton presidency (she's currently the general-election frontrunner), the industry's
By

Doug Kass

 | May 5, 2016 | 3:53 PM EDT
The U.S. dollar weakened meaningfully in the trading day. The price of crude oil rose by 35 cents a barrel to $44.13. Nat gas dropped by six cents. Gold was essentially flat at $1,274. Agricultural commodities = schmeissburger. Wheat -9.75, corn -3.50 and soybean -21.75. Lumber +3.40. Bonds rose in price, and were lower in yield. The 10- and 30-year note and bond moved down by 2.5 basis points, yielding 1.75% and 2.61%, respectively. Municipals were well-bid, and closed-end municipal bond funds continue to float higher to new 2016 highs. I had permature termination in this space late last year! High-yield debt was flat, but Blackstone/GSO Strategic Credit Fund (BGB) was up three pennies to $14. Banks stocks were disappointing and continued a multiday selloff. I remain short Financial Select Sector SPDR ETF (XLF) at good prices. Brokerages were lower by about one-half percent. I covered my Goldman Sachs (GS) and Morgan Stanley (MS) shorts earlier in the week. Life insurance, my favored short sector because of reduced reinvestment opportunities in a low- rate setting got whacked. Lincoln National (LNC) was down $2 and MetLife (MET) a beaner. Hartford Financial Services Group (HIG) was conspicuously higher, up 15 cents. I like the pair trade long HIG/short MET-LNC. Energy stocks were unchanged. Old tech traded flat, save IBM (IBM), up $2. Retail got hit on L Brands' (LB) bad comps and mall concerns. Nordstrom (JWN), a short is my only holding in retail. Agricultural equipment, on the heels of a Caterpillar (CAT) diss from Greenlight's David Einhorn, were down measurably. Autos, despite a plug of General Motors (GM) by Einhorn at the Sohn Conference, were flat. Consumer nondurables fell as our currency strengthened. Disney (DIS) led media, up $1.10. Biotech is still drek. Speculative biotech rolling over. (T)FANG was weaker, led by Amazon (AMZN), down $11, and TSLA, down $10. I added to the latter short today. NOSH was yuck. In individual names, Mr. Market gave yesterday but took away today in Twitter (TWTR) and Potash (POT) -- I wouldn't bottom fish, as I have mentioned recently. The Mighty OAK -- Oaktree Capital Group -- was flat, and DuPont (DD) was down 55 cents. Apple continues to trade rottenly, down $1.15. Apple needs a visionary, a house hippie, in my view. Here are some great posts on Real Money Pro today: Jim "El Capitan" Cramer on what's working now.  Tim "Not Phil or Judy" Collins goes Texas on us in his discussion of a controversial Freeport-McMoRan (FCX)!  Robert "Not Rita" Moreno on CAT's technicals. Another controversial one in which Jimmy and I hold to differing viewpoints.  James Passeri on a great review of the Ira Sohn Conference -- a must read!  Chris Laudani rains on Macy's (M) parade. 
By

Doug Kass

 | May 5, 2016 | 2:19 PM EDT
I continue to like the long Hartford Financial Services Group (HIG)/short Lincoln National (LNC)-MetLife (MET) pair trade.
By

Doug Kass

 | May 5, 2016 | 9:51 AM EDT
Large earnings misses yesterday at MetLife (MET) and today at Lincoln National (LNC) and Prudential (PRU) are pressuring the life-insurance sector -- a space I have great disaffection for!
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