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Market Update: MetLife Inc (NYSE:MET) – MetLife Recognized as Highest Ranking Insurer for Commitment to Supplier Diversity

[Business Wire] – MetLife, Inc. today announced it has been selected as one of “America’s Top 50 Organizations for Multicultural Business Opportunities” by DiversityBusiness.com. For the third year in a row, MetLife is the highest-ranking insurance company on the annual “Div50” list. Read more on this. MetLife, Inc. (MET) , currently valued at $40.35B, began trading this morning at $38.32. A quick look at the market, the company’s stock traded between $36.74 and $38.35 with a trailing 52-week range being $36.74 to $58.23. Priced at 6.68x this year’s forecasted earnings, MET shares are relatively inexpensive compared to the industry ’s 13.13x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.50 per share annually in dividends, yielding 3.86%. According to a consensus of 16 analysts, the earnings estimate of $1.40 per share would be $0.04 worse than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $5.81 which would be a $0.95 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.30 Billion. If realized, that would be a 1.59% increase over the year-ago quarter. More recently, 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 by the analysts covering the stock is $55.13, which is 43.87% above where the stock opened this morning. See more in (NYSE:MET) Similar Articles: Stock Update (NYSE:MET): MetLife Recognized for Work-Life Policies for Fourth Year in a Row Market Update: MetLife Inc (NYSE:MET) – MetLife Recognized as Military Friendly Employer for Fourth Year in a Row Market Update: MetLife Inc (NYSE:MET) – MetLife is First U.S. Insurer to Adopt Carbon Neutrality
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