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Metlife Inc. (MET): Is it Going Strong?

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  • Trading at $72.04, with the price estimated at $74.00.
  • The next earning date is February 01, 2023.
  • Projected earnings growth of 17.33%.

Metlife Inc. is a New York-based financial service company that provides insurance, annuities, employee benefits, and asset management services. Currently trading at $72.04 with a drop of just 0.25%. Estimated price targets are an average of $80.18, a low of $74.00, and a high of $88.00.

Technical Analysis

MET closed last week at $72.04 with a slight drop of 0.25%, while the previous close was at $72.22, and the market opened on the last day at 72.11. When its 52-week range is observed, it hovers from $57.41 to $77.36, meaning that the current rates are towards the higher spectrum range. 

Its market capitalization was at $56.523 billion with 2.49 million shares, while its revenue stands strong at $53.58 billion. With the next earning date approaching on February 01, 2023, the dividend yield comes at $2.00, nearly 2.88%. The projected earnings growth is strong at 17.33% ranging from $7.04 per share to $8.23 per share. 

Daily Chart Analysis

A quick overview of the daily chart indicates a bullish trend. Interestingly the large candle formed on January 24, 2023, opened with a massive gap down and tried breaking the first support mark of $69.07, so much so that it went further south than $65.96. But the bulls in the market worked hard to increase the price. 

Source: Trading View

This creates an interesting scenario; the zone between $69.07 and $65.96 will now act as a buffer zone, and movement within this zone could possibly present a buying opportunity. A movement from here towards the south needs to be looked at further for a decision. While a northward movement breaking the zone will be welcome, the chances of a clear breakthrough and a straight-up line are unlikely. 

If this happens, and it shall, the price would meet resistance at $77.41 and is expected to spend quite enough time before breaking the point clean. 

Institutional Investments at MET

Many companies are investing considerably in MET, giving positive vibes about its future. According to the quarterly reports filed at SEC, some major investments have come to light. 

Arvest Trust Co. N A increased its stake by 29.6% during the third quarter. Previously owning 31,878 shares, they purchased another 7,300 shares, making their total holding amount $1,938,000.

Jones Financial Companies LLP also increased their position by a massive 1,065.8% by purchasing 405 additional shares, getting their total shares to 443 worth $28,000 in the last quarter. 

Similarly, Eagle Bay Advisors LLC acquired stakes worth $28,000, Moisand Fitzgerald Tamayo LLC  with $30,000, Center for Financial Planning Inc. worth $25,000, and Citizen National Bank Trust Department invested $28,000.


The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Steve Anderrson

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