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Stock Update: MetLife Inc (NYSE:MET) – MetLife Hong Kong Surges Ahead with Strong First-Half Performance

[Business Wire] – MetLife Hong Kong^, a wholly-owned subsidiary of MetLife, Inc., the #1 U.S. life insurer*, recorded rapid growth and broad strength in its business results. The first half of the year witnessed many milestones for MetLife Hong Kong. Read more on this. MetLife, Inc. (MET) , valued at $43.28B, began trading this morning at $38.86. Shares have traded today between $38.86 and $39.55 per share with a trailing 52-week range being $35.00 to $58.13. MET shares are currently priced at 7.05x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.94x earnings multiple for the same period. The company pays shareholders $1.60 per share in dividend income per year, for a current yield of 4.23%. According to a consensus of 16 analysts, the earnings estimate of $1.38 per share would be $0.18 worse than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.43 would be a $0.57 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $17.34 Billion. If reported, that would be a 0.12% decrease over the year-ago quarter. Recently, Sandler O’Neill upgraded MET from Hold to Buy (Jun 27, 2016). Previously, Raymond James upgraded MET from Mkt Perform to Strong Buy. The average price target for MET shares by the analysts covering it is $49.71, which is 27.92% above where the stock opened. See more in (NYSE:MET) Similar Articles: Company Update: MetLife Inc (NYSE:MET) – MetLife Hong Kong Joins Hands with HKUST for the Second Annual Business Amazing Race Company Update: MetLife Inc (NYSE:MET) – MetLife Hong Kong Achieves Strong Agent Productivity Fueling Solid Business Growth Market Update: MetLife Inc (NYSE:MET) – MetLife Hong Kong Celebrates 18% YoY Business Growth
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