As of Friday close, MetLife Inc.’s (NYSE:MET) stock was down -$0.27, moving down -0.42 percent to $64.42. The average number of shares traded per day over the past five days has been 3,700,540 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.23 fall in that time frame. In the last twenty days, the average volume was 3,582,075, while in the previous 50 days, it was 3,509,422.
Since last month, MET stock rose 4.36%. Shares of the company fell to $61.05 on 08/23/23, the lowest level in the past month. A 52-week high of $77.36 was reached on 01/06/23 after having rallying from a 52-week low of $48.95. Since the beginning of this year, MET’s stock price has dropped by -10.99% or -$7.95, and marked a new high 3 times. However, the stock has declined by -16.73% since its 52-week high.
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MET stock investors should be aware that MetLife Inc. (MET) stock had its last reported insider trading activity 45 days ago on Aug 09. DEBEL MARLENE, the EVP & Chief Risk Officer of the company, disposed of 9,391 shares for $63.18 on Aug 09. It resulted in a $593,323 divestment by the insider. PAPPAS BILL sold 2,857 shares at an average price of $70.96 on Mar 02. The insider now owns 48,915 shares following the transaction. On Feb 27, EVP, Global Tech. & Ops. PAPPAS BILL sold 11,345 shares at $71.96 apiece. The transaction was valued at $816,386.
Valuation Metrics
Right now, MetLife Inc. (MET) has a P/E ratio of about 29.48. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 0.69, the price-to-book (PB) ratio of 1.63, and the price-to-cash flow ratio of 4.10 may also be considered.
The latest dividend of $0.52 per share was paid out, remained unchanged from last year’s $0.52. On Tuesday April 25 2023, a $0.02 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.58, and the total debt-to-equity ratio was 0.59. In the year ended June 29, operating margins totaled 5.40%. Based on annual data, MET earned $2.86 billion in gross profit and brought in $69.9 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.30%. Return on equity (ROE) for the past 12 months was 6.90%.
In MetLife Inc.’s quarter-end financial report for June 29, it reported total debt of $675.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MET’s revenue rose 6.42% to $15.39 billion during the quarter, while net income inched up to $16.62 billion. While analysts expected MetLife Inc. to report $1.87 quarterly earnings, the actual figure was $1.94 per share, beating the consensus estimate by 3.70%. During the quarter, the company generated $430.0 million in EBITDA. The value of shareholders’ equity is $752.02 million.
Technical Picture
This quick technical analysis looks at MetLife Inc.’s (MET) price momentum. With a historical volatility rate of 22.18%, the RSI 9-day stood at 49.46% on 22 September.
With respect to its five-day moving average, the current MetLife Inc. price is down by -1.87% percent or -$1.23. At present, MET shares trade +3.45% above its 20-day simple moving average and +5.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.87% above its SMA50 and -14.56% below its SMA200.
Stochastic coefficient K was 57.29% and Stochastic coefficient D was 73.10%, while ATR was 1.13. Given the Stochastic reading of 42.86% for the 14-day period, the RSI (14) reading has been calculated as 53.92%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at 0.52.
