Fintel reports that on January 23, 2025, BMO Capital initiated coverage of MetLife (NYSE:MET) with a Market Perform recommendation.
Analyst Price Forecast Suggests 12.63% Upside
As of December 23, 2024, the average one-year price target for MetLife is $96.59/share. The forecasts range from a low of $81.81 to a high of $107.10. The average price target represents an increase of 12.63% from its latest reported closing price of $85.76 / share.
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The projected annual revenue for MetLife is 77,290MM, an increase of 8.33%. The projected annual non-GAAP EPS is 10.44.
What is the Fund Sentiment?
There are 2,175 funds or institutions reporting positions in MetLife. This is an increase of 39 owner(s) or 1.83% in the last quarter. Average portfolio weight of all funds dedicated to MET is 0.27%, an increase of 3.49%. Total shares owned by institutions decreased in the last three months by 1.03% to 614,628K shares. 
The put/call ratio of MET is 1.23, indicating a bearish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 54,657K shares representing 7.89% ownership of the company. In its prior filing, the firm reported owning 56,353K shares , representing a decrease of 3.10%. The firm increased its portfolio allocation in MET by 7.39% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 39,780K shares representing 5.75% ownership of the company. In its prior filing, the firm reported owning 40,686K shares , representing a decrease of 2.28%. The firm increased its portfolio allocation in MET by 8.35% over the last quarter.
Jpmorgan Chase holds 19,942K shares representing 2.88% ownership of the company. In its prior filing, the firm reported owning 21,139K shares , representing a decrease of 6.00%. The firm increased its portfolio allocation in MET by 1,055.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,900K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 19,044K shares , representing a decrease of 0.76%. The firm increased its portfolio allocation in MET by 9.53% over the last quarter.
Wellington Management Group Llp holds 18,548K shares representing 2.68% ownership of the company. In its prior filing, the firm reported owning 21,655K shares , representing a decrease of 16.75%. The firm decreased its portfolio allocation in MET by 86.15% over the last quarter.
Metlife Background Information
(This description is provided by the company.)
MetLife, Inc., through its subsidiaries and affiliates ('MetLife'), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
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