Stock Update (NYSE:MET): MetLife to Hold Investor Day

[Business Wire] – MetLife, Inc. today announced that it will hold an investor conference on Thursday, Sept. 29, 2016, in New York City. Presenters will include members of MetLife’s senior management team. Read more on this. MetLife, Inc. (MET) , valued at $47.80B, began trading this morning at $43.78. During today’s session, MET traded between $42.92 to $44.19 with a one year range of $40.77 to $58.23. MET shares are currently priced at 8.82x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.30x earnings multiple. And for dividend hunters, the company pays shareholders $1.50 per share annually in dividends, yielding 3.51%. According to a consensus of 18 analysts, the earnings estimate of $1.36 per share would be $0.02 worse than the year-ago quarter and a $0.12 sequential decrease. Investors should also note that the full-year EPS estimate of $5.01 is a $0.73 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.61 Billion. If realized, that would be a 3.45% decrease over the year-ago quarter. In terms of ratings, Raymond James upgraded MET from Mkt Perform to Strong Buy (Jan 22, 2016). Previously, Macquarie upgraded MET from Neutral to Outperform. The average price target for MET shares is $56.60, which is 29.28% above where the stock opened this morning. 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) – A.M. Best Assigns Ratings to MetLife, Inc.’s New Senior Unsecured Notes Company Update: MetLife Inc (NYSE:MET) – MetLife Declares Third Quarter 2015 Preferred Stock Dividend