Market Update: MetLife Inc (NYSE:MET) – MetLife Appoints Gaurav Sharma as CEO Vietnam

[Business Wire] – HANOI, Vietnam–(BUSINESSWIRE)– MetLife announced today the appointment of Gaurav Sharma as Country CEO (General Director) for its Vietnam business, BIDV MetLife Life Insurance Limited Liability Company (“BIDV MetLife”). Mr. Sharma will be based in Hanoi, Vietnam and will report to the Board of Members of BIDV MetLife and also to Dr. Nirmala Menon, Head of Designated Markets and Health, Asia. Read more on this. MetLife, Inc. (MET) , valued at $41.33B, started trading this morning at $37.61. Looking at the stock, its one day range is $36.99 to $37.64 with a one year range of $35.00 to $58.13. MET shares are currently priced at 6.97x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.98x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.60 per share annually in dividends, yielding 4.05%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $1.38 per share, which would be $0.18 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.43 is a $0.57 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.35 Billion. If realized, that would be a 0.06% decrease over the year-ago quarter. More recently, Sandler O’Neill upgraded MET from Hold to Buy (Jun 27, 2016). Previously, Raymond James upgraded MET from Mkt Perform to Strong Buy. When considering if perhaps the stock is under or overvalued, the average price target is $50.23, which is 33.55% above where the stock opened this morning. See more in (NYSE:MET) Similar Articles: Market Update: MetLife Inc (NYSE:MET) – MetLife Signs Pension Buyout Agreement with PPG Company Update: MetLife Inc (NYSE:MET) – MetLife Appoints Ashia Razzaq as Business Communications Head for Asia Market Update: MetLife Inc (NYSE:MET) – MetLife Recognized as Highest Ranking Insurer for Commitment to Supplier Diversity