Stock Update (NYSE:MET): MetLife Recognized for Work-Life Policies for Fourth Year in a Row

[Business Wire] – MetLife, Inc. today announced that it has been awarded the 2016 Seal of Distinction from WorldAtWork’s Alliance for Work-Life Progress for creating a culture that supports work-life balance. Read more on this. MetLife, Inc. (MET) , with a current value of $47.70B, began trading this morning at $45.30. Looking at the equity, the company’s one day range is $42.85 to $45.31 with its 52-week range being $40.97 to $58.23. MET shares are currently priced at 8.36x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.05x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.50 per share annually in dividends, yielding 3.57%. According to a consensus of 19 analysts, the earnings estimate of $1.37 per share would be $0.01 worse than the year-ago quarter and a $0.11 sequential decrease. Investors should also note that the full-year EPS estimate of $5.02 is a $0.72 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $17.59 Billion. If reported, that would be a 3.56% decrease over the year-ago quarter. In terms of ratings, Citigroup downgraded MET from Buy to Neutral (Jan 5, 2016). Previously, Morgan Stanley downgraded MET from Overweight to Equal-Weight. The average price target for MET shares by the analysts covering it is $55.40, which is 22.30% above where the stock opened. See more in (NYSE:MET) Similar Articles: Stock Update (NYSE:MET): MetLife to Hold Conference Call for Fourth Quarter and Full Year 2015 Results Stock Update: MetLife Inc (NYSE:MET) – MetLife Named ‘2015 Best Life Insurance Company in Turkey’ Market Update: MetLife Inc (NYSE:MET) – MetLife Recognized as Military Friendly Employer for Fourth Year in a Row