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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
10/08/2024 10:31:00 EST
MetLife Inc (MET)
Industry: Insurance - Life
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MET has been trading in a range between $82.48 and $74.63 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
MET is breaking above top of the recent 20 day range at $82.48 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
MetLife Inc $MET entered a Green zone 88 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $78.5, a potential down side of -5.42% from the recent price of 83.00. The stock is trading 1.52% (potential upside) below its 52 week high of $84.26 and 48.06 % (potential downside) above its 52 week low of $56.06 - based on the recent price.
Company Summary
MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings.
News
| MetLife Honored Once Again by Seramount for Its Global Inclusion Efforts NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that for another year it has received several recognitions from Seramount for its culture of trust and inclusion, hiring practices, talent development programs, and commitment to advancing workforce diversity. “An inclusive culture where unique attributes, perspectives, voices and contributions are valued and respected is critical for the well-being of our employees and business performance,” said MetLife Global Chief Diversit. Source: Business Wire Tue, 08 Oct 2024 09:05:00 -0400 Sentiment: Neutral |
| MetLife Poll Finds Growing Percentage of Plan Sponsors with De-Risking Goals Looking to Completely Divest Their Company's Pension Liabilities in the Near Future NEW YORK--(BUSINESS WIRE)-- #finance--As LIMRA reports a 14% increase in pension risk transfer (PRT) deals for the first half of 2024 compared to 20231, MetLife's 2024 Pension Risk Transfer Poll finds the percentage of companies with de-risking goals who plan to completely divest their defined benefit (DB) pension plan liabilities has increased to 93%, up from 89% in the 2023 Poll. About half, 52%, plan to divest two to five years from now, with an average of 3.8 years. “As the Poll and other market data. Source: Business Wire Tue, 08 Oct 2024 08:55:00 -0400 Sentiment: Neutral |
| MetLife Investment Management's Strategic Acquisition in CALAMOS CONVERTIBLE OPPORTUNITIES On September 30, 2024, MetLife Investment Management, LLC (Trades, Portfolio) made a significant move in the financial markets by acquiring 840,000 shares of CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND (CHI, Financial). This transaction marked a new holding for the firm, purchased at a price of $11.64 per share. Source: GuruFocus Mon, 07 Oct 2024 20:12:41 -0400 Sentiment: Positive |
| MetLife to Hold Conference Call for Third Quarter 2024 Results NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that it will hold its third quarter 2024 earnings conference call on Thursday, October 31, 2024, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its third quarter 2024 earnings news release and Third Quarter 2024 Financial Supplement on Wednesday, October 30, 2024, after the market closes. The news release and Third Quarter 2024 Financial Supplement will also be available on the MetLife Investor Relations webpa. Source: Business Wire Thu, 03 Oct 2024 16:15:00 -0400 Sentiment: Neutral |
| MetLife's Upwise Helps Drive Up Benefits Enrollment, Engagement and Value NEW YORK--(BUSINESS WIRE)--Today's workforce values the ability to choose from a diverse set of benefits—66% of employees say they want more benefits to choose from, up from 60% in 20231. But while interest in benefits is clear, lack of benefit comprehension is also on the rise with more than half of employees (55%) saying that they do not fully understand their benefits package1. Open enrollment offers employers a critical opportunity to address these employee needs and shift their approach to. Source: Business Wire Wed, 02 Oct 2024 08:00:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 84.26 52 Week Low: 56.0625 Beta: 1.031 50 Day MA: 76.0748 200 Day MA: 72.0204 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.667 Qtr Revenue Growth YOY: 0.072 Forward PE: 8.4674 Trailing PE: 22.5543