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Earnings Results under Review: MetLife (NYSE: MET)

Judith Hale

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On Monday, Shares of MetLife (NYSE: MET) gained 0.40% to $47.60. The stock opened its trade at $47.49 and after floating in a price range of $47.44 to $47.81; the stock grabbed the investor’s attention and traded 5,273,011 shares as compared to its average daily volume of 5.37M shares. The stock’s institutional ownership stands at 79.70%.

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MetLife Inc. (MET) on Wednesday stated first-quarter earnings of $1.25B. On a per-share basis, the New York-based company said it had net income of $1.19. Earnings, adjusted for non-recurring costs, came to $1.36 per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The insurer posted revenue of $14.81B in the period. Its adjusted revenue was $15.14B.

MET has a market value of $48.12B while its EPS was booked as $4.65 in the last 12 months. The stock has 1.01B shares outstanding. Beta value of the company was 1.22; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.40.

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I am Judith Hale and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. Email: judith.hale@irnpost.com

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