MetLife Inc (MET)

MET (NYSE:Insurance) EQUITY
$43.26
pos +0.00
+0.00%
Today's Range: 43.00 - 43.46 | MET Avg Daily Volume: 7,413,300
Last Update: 07/22/16 - 4:02 PM EDT
Volume: 0
YTD Performance: -10.27%
Open: $0.00
Previous Close: $43.22
52 Week Range: $35.00 - $57.47
Oustanding Shares: 1,098,666,690
Market Cap: 47,484,374,342
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 6 8 8 9
Moderate Buy 2 2 2 2
Hold 3 2 2 3
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.73 1.50 1.50 1.57
Latest Dividend: 0.40
Latest Dividend Yield: 3.70%
Dividend Ex-Date: 08/04/16
Price Earnings Ratio: 9.46
Price Earnings Comparisons:
MET Sector Avg. S&P 500
9.46 9.30 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-7.76% -24.54% -12.20%
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 $1.36 $1.43 $5.39 $5.93
Number of Analysts 6 5 6 6
High Estimate $1.40 $1.45 $5.45 $6.10
Low Estimate $1.30 $1.40 $5.25 $5.65
Prior Year $1.56 $0.62 $4.86 $5.39
Growth Rate (Year over Year) -12.61% 130.32% 10.94% 10.05%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
By

Doug Kass

 | Jul 20, 2016 | 11:11 AM EDT
The "B" shares of Berkshire Hathaway (BRK.A)  (BRK.B) Coca-Cola (

bearishMetlife downgraded at Deutsche

Jul 13, 2016 | 7:24 AM EDT
MET was downgraded from Buy to Hold, Deutsche Bank said. $44 price target. Company is leveraged to lower interest rates and lacks near-term catalysts.
By

Doug Kass

 | Jul 6, 2016 | 4:51 PM EDT
The U.S. currency weakened. The price of crude oil rallied by 67 cents after yesterday's schmeissing. Gold climbed by five bucks to $1,364. Agricultural commodities: wheat -6, corn -9, soybean flattish after yesterday's crash, oats +2. Bonds were flat after starting the day strong. The yield on the 10-year note and long bond were up one basis point to 1.38% and 2.14%, respectively. The 2s/10s spread was down to eighty basis points. Municipals were well-bid. Closed-end muni bond funds were mixed. The high-yield bond market prospered again. Banks were up, but not considerably. They seem to be laboring under the obvious pressures. Brokerages were flattish, disappointing after the schmeissing recently. The same applies to life insurance stocks, which can't get out of their own way. Now we have 30% plus gain in our shorts of Lincoln National (LNC) and MetLife (MET), which is a good thing. Retail was higher after serial weakness this year. My shorts Nordstrom (JWN) and Foot Locker (FL) were up large fractions. Home Depot (HD) retains sector leadership, but Bruce Kamich disses Lowe's (LOW).  Auto stocks are laboring under a peak print months ago in the seasonally adjusted annual rate; after the close, S&P lowered its auto sales forecasts. Energy stocks were mixed to higher. Old tech was dull with little price movement. Staples were stable. Media was quiet, though my short Disney (DIS) was up 60 cents. A nice boost in biotech. iShares Nasdaq Biotechnology (IBB) was up $5 and from these levels I could see some continued strength. Valeant (VRX) was an upside feature, rising more than 15%. (T)FANG was led by Facebook (FB) and Amazon (AMZN). In individual stocks, my long fav DuPont was weak (I am buying), Twitter (TWTR) was flat, Hartford Financial Services Group (HIG) was down a half buck and Oaktree Capital Group (OAK) was slightly higher on the day. My short Apple (AAPL) up 50 cents. Away from our site here are two good reads: Andrew Sorkin's summer reading list.  Knowledge@Wharton on China's debt load.  There also was a lot of value-added product on our site today: Spy vs. Spy on oil with Jim "El Capitan" Cramer and Tim "Not Judy or Phil" Collins.  Ben "Goldfinger" Cross is long and strong gold.  Mike "Stormin" Norman lives up to his name as he
By

David Katz

 | Jul 6, 2016 | 7:00 AM EDT

Valuations are stretched in certain names and industries, so some profit-taking appears in order.

By

Doug Kass

 | Jul 5, 2016 | 3:56 PM EDT
The U.S. dollar strengthened. This is bearish for economic activity, commodities prices and profits. The price of crude oil got hit ... hard. At $46.50, it's down $2.50 on the day. Gold was up $18 to $1,357. Hey, Mikey, he likes it! Agricultural commodities: wheat +2, corn -9.50, soybean -60.50(!!), oats -1. Lumber +7. Bonds continued to ramp in price and move lower in yield. iShares 20+ Year Treasury Bond ETF (TLT) was down $2.00. The yield on the 10-year U.S. note fell by nine basis points to 1.37%.  As I mentioned earlier, that's a 63-year low in yield. The long bond yield declined by 11 basis points to 2.14%. The 2s/10s spread flattened to another low at 82 basis points. Municipals were well-bid today. Closed-end muni bond funds were only slightly higher in price, though. The high-yield bond market continues to move with equities -- in this case, lower. Bank stocks are the negative feature in the market today, with declines of 3% to 4%. It's much worse (down 5% to 10%) in EU banking shares. Brokerages equal schmeissburger. Life insurance stocks were taken to the woodshed. My shorts Lincoln National (LNC) and MetLife (MET) were down $2 apiece, and my long Hartford Financial Services Group (HIG) fell $1.30; I have been adding. Retail was weaker after being weak all year; my short Nordstrom (JWN) was off 80 cents. Best Buy (BBY), Macy's (M) and Nike (NKE) were all worse off than Friday's close. My short Foot Locker (FL) was essentially unchanged. Old tech was weak but not materially so. Biotech was weak, though down less than 1%. Allergan (AGN) was up $2.50, though Valeant (VRX) hits new lows; more speculative biotech was much lower. Autos are tanking further, and so are housing stocks. Both groups have rolled over badly despite some sponsorship from "value investors." Ag equipment stocks were punished, with my short Caterpillar (CAT) down two beaners and Deere (DE) off $1.50. They must be watching the 60-cent decline in the price of soybeans!  Moreover, dealer sales continue to founder and the strength of our currency is like a dagger in the hearts of these stocks. Staples remain an upside feature. (T)FANG was under pressure. Tesla (TSLA) is a dog with fleas, lower for the second day in a row. Needham cut Netflix (NFLX), but it was still up 1% on the day. In individual stocks, Twitter (TWTR) was down nearly 1% but Oaktree Capital Group (OAK) was flat. My long fav DuPont (DD) was down $1.25 and approaching my buy level after I sold some off in the high $60s. I live in the $61 to $62 area, Apple (AAPL) again is breaking down, off almost a beaner.  Disney (DIS) shares are suffering under some weak movie experiences; that chart, too, looks like it is rolling over.  Here are some value added posts on our site today: Jim "El Capitan" Cramer chimes in on Deutsche Bank, the canary in the coal mine.  "Meet" Bret Jensen makes a second-half forecast.  Tim "Not Judy or Phil" Collins likes the Valeant chart. At some point there could be value, but the prospects for asset sales and writedowns and a $31-billion debt load in the face of eroding fundamentals makes me pass. Tom Graff likes bonds.  Rev Shark on the challenging markets.
By

The Deal

 | Jul 2, 2016 | 4:00 PM EDT

Sherrod Brown and Maxine Waters contend decision shows 'systemic' firms can choose more oversight or divestitures to reduce their threat to the...

By

Doug Kass

 | Jul 1, 2016 | 4:56 PM EDT
The U.S. dollar weakened. The price of crude oil rose by 83 cents to $49.15. Gold roared ahead, up $25 to $1,345 as it breakouts from the $1,300 level. Agricultural commodities got schmeissed across the board: wheat -16, corn -4, soybean -16 and oats -7. Bonds continued to ramp. iShares 20+ Year Treasury Bond ETF (TLT) was up $1.68. The yield on the 10-year U.S. note dropped by four basis points to 1.46% after hitting 1.40% early in the morning. The long bond yield declined by seven basis points to a 2.24% yield. The 2s/10s spread declined to a new record low of 85 basis points. Not good for financials that borrow short and lend longer and that have an asset-sensitive balance sheet. Municipal bonds were down small but closed-end funds traded somewhat higher. High-yield bonds were mixed. Blackstone/GSO Strategic Credit Fund (BGB) was up a dime and back to $14.50 in the search for yield. Banks disappointed for the second day in a row, as I suggested in my Sell Banks post yesterday morning. http://realmoneypro.thestreet.com/dougs-daily-diary?published[value][date]=2016-06-30#why-im-not-bank-20160630 All major money center banks were lower today. After the close Warren Buffett filed for permission to go over 10% of Wells Fargo's (WFC) ownership, though he currently doesn't have an intention to do so. He is averaging down! Brokerage stocks also were lower, but marginally so. Insurance stocks also stunk after a feeble rally from large declines in the last week. I remain short Lincoln National (LNC) and MetLife (MET). Retail was mixed to higher. Shorts Nordstrom (JWN) and Foot Locker (FL) didn't do a damn thing. Old tech flat lined. Autos rallied small but could get hit on the after-the-close news. I covered much of my shorts in the belly of Monday's declines. I am a short seller on strength now. iShares Nasdaq Biotechnology ETF (IBB) was up $5. Allergan (AGN) rose $3 and there were good gains for value plays Celgene (CELG) and Gilead Sciences (GILD). Energy and media were mixed. Ag equipment was mixed. Caterpillar (CAT) was up a half a buck but Deere (DE) was down after a Morgan Stanley downgrade yesterday. (T)FANG returned to favor, led by Amazon (AMZN), Alphabet (GOOGL) and Netflix (NFLX), which caught an upgrade. Staples quieted down. In individual stocks, Twitter (TWTR) is making a move back toward some previous resistance (I added). My longs DuPont (DD) and Hartford Financial Services Group (HIG) showed little movement. Here are some value-added contributions on our site: 1. Jim "EL Capitan " Cramer gets toothy.  He also chimes on Tesla's (TSLA) accident.   Again, Tom Graff on bonds and Tim "Not Phil or Judy" Collins on bond spreads.  Eric Jackson on the impact of the Lions Gate (LGF) deal on Viacom (VIAB).  Rev Shark on correction risks.
By

Doug Kass

 | Jun 30, 2016 | 6:31 PM EDT
The U.S. dollar strengthened. The price of crude oil fell by $1.50 to $48.40. Gold was essentially unchanged. Agricultural commodities: wheat flat, corn -9, soybean +42(!!) and oats unchanged. Lumber +4. Bonds rose slightly in price. The "action" in iShares 20+ Year Treasury Bond ETF (TLT) seems toppy to me, but I am short less on price action and more based on fundamental analysis and historical relationships (see above). The yield on the 10-year U.S. note was unchanged at 1.48%. The long bond yield was up one basis point to yield 2.29%. The 2s/10s spread was up by two basis points to 90 basis points. Municipals were well-bid. Closed-end municipal bond funds were mixed. The high-yield bond market was strong, while Blackstone/GSO Strategic Credit Fund (BGB) was up 11 cents. Banks were a bit of a disappointment, failing to materially follow through after the stress tests were announced. Insurance stocks were disappointing. Small gains for Lincoln National (LNC) and MetLife (MET). Brokerages thrived. Morgan Stanley (MS) rose 75 cents and Goldman Sachs (GS) was up $3. Premature sellage by me. Retail stocks were mixed to lower. Foot Locker (FL) and Nike (NKE) were lower after large gains on Wednesday. Nordstrom (JWN), a short, was up 18 cents. Old tech was stronger, led by IBM (IBM), up $3. Autos were weak, down most of the day. Not a good sign to be in the red on such a strong day in the markets. Agricultural equipment was mixed. Media had a mixed message, though Disney (DIS) and Comcast (CMCSA) were higher (I covered on Monday). Energy stocks shined despite a large drop in crude prices. Exxon Mobil (XOM) and SLB were up nicely. Programs? Regardless, another weird feature of today's market. Biotech was disappointing. iShares Nasdaq Biotechnology ETF (IBB) was flat, with several large and speculative stocks clearly rolling over. New lows for Valeant (VRX). Staples were the world's fair after the Mondelez (MDLZ) MDbid for Hershey. Consumer Staples Select Sector SPDR ETF (XLP), covered on Monday, surged by $1.22. Campbell Soup (CPB) and Pepsico (PEP) were up big. (T)FANG was mixed. Tesla (TSLA) was strong in the regular session, but sold off in the after hours after some safety concerns. In individual stocks, Hartford Financial Services Group (HIG) was up $1.22 (I have been steadily accumulating). My long fav DuPont (DD) was up 90 cents after getting schmeissed in the last few days. There was a vague (and to me, silly) rumor of a Potash (POT) takeover; it makes no sense because Canadian government sees the company as important to the country as an independent entity. Coca-Cola (KO), a short, got caught up in the strength of the defensive sector. Here are some valuable contributions on the site today: Nice video on banks by Jim "El Capitan" Cramer.  "Big" James Gentile is looking forward to fireworks, but not the ones over the holiday weekend!  Brian Sozzi on food companies hurrying up to merge.  Tony Owusu on Facebook's (FB) friendliness.  Rev Shark on meddling central bankers.
By

David Katz

 | Jun 29, 2016 | 8:00 AM EDT

These names are now oversold and are sitting at attractive prices.

By

Doug Kass

 | Jun 28, 2016 | 5:32 PM EDT
The U.S. dollar weakened. Crude oil rose by $1.67 to $48 a barrel. Gold dropped by $10 to $1,314. Agricultural commodities: wheat -2, corn unchanged, soybean +15, oats +2.50. Lumber +10.00. Bonds were flattish. iShares 20+ Year Treasury Bond ETF (TLT) was up 29 cents, likely buoyed by terrorism in Turkey (see above). The 10-year yield was unchanged at 1.46% and the long bond also flat on yield at 2.27%. Non-taxables were flat and closed-end muni bond funds were pennies higher. The high-yield bond market was higher, reversing yesterday's large losses. iShares iBoxx High Yield Corporate Bond ETF (HYG) was up $1.03 and SPDR Barclays High Yield Bond ETF (JNK) was up 44 cents. Blackstone/GSO Strategic Credit Fund (BGB), down 20 cents yesterday, recaptured 16 cents today. Banks were the "world's fair" and were market leaders with gains of 3% to 4%. I purchased positions (long rentals) on Monday in Citigroup (C), Bank of America (BAC) and JPMorgan Chase (JPM). Insurance stocks were upside features after they were decimated by nearly 20% in the last two days. My long Hartford Financial Services Group (HIG) rose by over a beaner. Lincoln National (LNC) and MetLife (MET) also were up $1, which, considering the magnitude of the previous decline, was quite disappointing. I covered much of my life shorts on Monday. Brokerages flourished. I purchased Goldman Sachs (GS) and Morgan Stanley (MS) on Monday, and today they were up $3 and $1, respectively. Retail was mixed. Home Depot (HD) and Lowe's (LOW) led, but NKE and FL were down after the NKE miss. My short Nordstrom (JWN) was up $1. Auto stocks underperformed. I had covered a lot yesterday. Energy was responsive to higher crude oil prices. Schlumberger (SLB) was up $1.60 and Exxon Mobil (XOM) rose $2.20. Both shorts were covered yesterday. Old tech was strong, led by IBM (IBM) and Microsoft (MSFT). Biotech went from goat to hero. iShares Nasdaq Biotechnology ETF (IBB) climbed $9, led by Allergan (AGN), which was up $10. A dead-cat bounce for Valeant (VRX), which was up $1.40. Speculative biotech also moved higher. Agricultural equipment was stronger, led by dollar gains at Caterpillar (CAT) and Deere (DE). Media was up. I covered Comcast (CMCSA) yesterday. Disney (DIS) rose $1.65. (T)FANG attracted buyers, with Amazon (AMZN) and Alphabet (GOOGL) strong. Netflix (NFLX) rose 4%. In individual stocks, my long fav DuPont (DD) was under pressure and fell $1.33, Oaktree Capital Group (OAK) gained fractionally and Twitter (TWTR) was up a half a buck or so. In sectors, Consumer Staples Select Sector SPDR ETF (XLP) and Materials Select Sector SPDR ETF (XLB) were underperformers. I covered them recently. Here are some valuable contributions on our site today: Jim "El Capitan" Cramer on more than FANG.  Ben "Godlfinger" Cross on, what else? Gold!   RevShark on Da Bulls and Da Bears. Rev is uncertain about today's implications, and I respect his honesty!  Shad Gad "And the Pharoahs" is patient in an impatient market.  Tom Graff on bonds.
Market staging nice rally to end the week.  Oil down and seems ~$45 a barrel has beco...

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