Morgan Stanley analyst Nigel Dally maintained a Hold rating on Metlife (MET) today and set a price target of $53. The company’s shares closed last Monday at $45.40.
According to TipRanks.com, Dally is a 4-star analyst with an average return of 9.8% and a 60.9% success rate. Dally covers the Financial sector, focusing on stocks such as AXA Equitable Holdings Inc, Brighthouse Financial Inc, and Prudential Financial Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Metlife with a $53 average price target.
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Based on Metlife’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $16.59 billion and net profit of $1.74 billion. In comparison, last year the company earned revenue of $21.25 billion and had a net profit of $891 million.
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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. The company operates through the following segments: U.
