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Stock Update (NYSE:MET): MetLife Boosts Employee Wellness with Global Corporate Challenge

[Business Wire] – MetLife, Inc. is expanding its commitment to wellness at work by signing up with Global Corporate Challenge which works with businesses worldwide to improve the health and performance of employees. Read more on this. MetLife, Inc. (MET) , currently valued at $49.62B, opened at $45.99. During the trading session, MET traded between $45.07 to $45.99 and has traded between $35.00 and $58.23 over the past year. MET shares are currently priced at 8.34x 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 3.60%. According to a consensus of 15 analysts, the earnings estimate of $1.39 per share would be $0.17 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $5.43 which would be a $0.57 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.33 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 the stock is $51.00, which is 10.89% above where the stock opened this morning. See more in (NYSE:MET) Similar Articles: Company Update (NYSE:MET): Loyalty on the Rise as Employees Look to Their Employers for Financial Security, According to MetLife’s 14th Annual U.S. Employee Benefit Trends Study Market Update (NYSE:MET): MetLife Announces Corporate Governance Enhancement Stock Update: MetLife Inc (NYSE:MET) – MetLife Named ‘2015 Best Life Insurance Company in Turkey’
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