Sandler O’Neill analyst John Barnidge reiterated a Hold rating on Metlife (NYSE: MET) today and set a price target of $50. The company’s shares opened today at $46.19.
According to TipRanks.com, Barnidge is a 3-star analyst with an average return of 4.6% and a 47.1% success rate. Barnidge covers the Financial sector, focusing on stocks such as American Equity Investment Life, Heritage Insurance Holdings, and Brighthouse Financial Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Metlife with a $53.75 average price target.
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The company has a one-year high of $55.91 and a one-year low of $43.09. Currently, Metlife has an average volume of 5.43M.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MET in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MetLife, Inc. provides insurance and financial services to individual and institutional customers. It offers life insurance, annuities, automobile and homeowner’s insurance and retail banking services to individuals as well as group insurance, reinsurance and retirement and savings products and services.
