On November 20, 2023, Metlife Inc (NYSE: MET) opened at $62.20, lower -0.06% from the last session. During the day, the shares moved up to $62.98 and dropped to $61.85 before settling in for the closing price of $62.55. Price fluctuations for MET have ranged from $48.95 to $77.36 over the past 52 weeks.
Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 2.40%. Company’s average yearly earnings per share was noted 9.63% at the time writing. With a float of $622.09 million, this company’s outstanding shares have now reached $779.10 million.
Considering the fact that the conglomerate employs 45000 people, you should pay attention to its efficiency factor.
Metlife Inc (MET) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Insurance – Life industry is another important factor to consider. The insider ownership of Metlife Inc is 15.96%, while institutional ownership is 74.91%. The most recent insider transaction that took place on Aug 09, was worth 593,323. In this transaction EVP & Chief Risk Officer of this company sold 9,391 shares at a rate of $63.18, taking the stock ownership to the 77,638 shares. Before that another transaction happened on Mar 02, when Company’s EVP, Global Tech. & Ops. sold 2,857 for $70.96, making the entire transaction worth $202,733. This insider now owns 48,915 shares in total.
Metlife Inc (MET) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $1.95 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.94) by $0.01. This company achieved a net margin of +3.63 while generating a return on equity of 5.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.50% during the next five years compared to -4.29% drop over the previous five years of trading.
Metlife Inc (NYSE: MET) Trading Performance Indicators
Check out the current performance indicators for Metlife Inc (MET). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.72. Likewise, its price to free cash flow for the trailing twelve months is 4.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.72, a number that is poised to hit 2.08 in the next quarter and is forecasted to reach 9.22 in one year’s time.
Technical Analysis of Metlife Inc (MET)
Compared to the last year’s volume of 4.67 million, its volume of 3.68 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 86.03%. Additionally, its Average True Range was 1.32.
During the past 100 days, Metlife Inc’s (MET) raw stochastic average was set at 58.86%, which indicates a significant decrease from 88.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.88% in the past 14 days, which was higher than the 21.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $61.97, while its 200-day Moving Average is $60.49. Nevertheless, the first resistance level for the watch stands at $63.04 in the near term. At $63.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $64.17. If the price goes on to break the first support level at $61.91, it is likely to go to the next support level at $61.32. Now, if the price goes above the second support level, the third support stands at $60.78.
Metlife Inc (NYSE: MET) Key Stats
There are currently 740,190K shares outstanding in the company with a market cap of 46.27 billion. Presently, the company’s annual sales total 69,898 M according to its annual income of 2,539 M. Last quarter, the company’s sales amounted to 15,866 M and its income totaled 489,000 K.