Market Update (NYSE:MET): MetLife Chairman, President & CEO to Speak at Deutsche Bank Global Financial Services Investor Conference

[Business Wire] – MetLife, Inc. today announced that Steven A. Kandarian, chairman, president and CEO, will participate in a fireside chat at the Deutsche Bank Global Financial Services Investor Conference on Wednesday, June 1, 2016, at approximately 8 a.m. Read more on this. MetLife, Inc. (MET) , currently valued at $48.82B, began trading this morning at $44.44. Looking at the stock, its one day range is $44.16 to $44.70 with its 52-week range being $35.00 to $58.23. MetLife (MET) shares are currently priced at 8.16x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.45x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.60 per share annually in dividends, yielding 3.59%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $1.39 per share, which would be $0.17 worse than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.43, which would be a $0.57 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.33 Billion. If realized, that would be a 0.17% 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 by the analysts covering it is $51.00, which is 14.76% above where the stock opened. See more in (NYSE:MET) Similar Articles: Company Update (NYSE:BLK): BlackRock’s Laurence D. Fink to Present at the 2016 Deutsche Bank Global Financial Services Investor Conference on May 31st Stock Update: MetLife Inc (NYSE:MET) – MetLife Executive Vice President & CFO to Speak at Bank of America Merrill Lynch 2016 Insurance Conference Stock Update (NYSE:MET): MetLife to Hold Investor Day