MetLife (MET) Off To A Strong Start In Pre-Market Activity

Trade-Ideas LLC identified MetLife (MET) as a pre-market leader candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

MetLife

(

MET

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified MetLife as such a stock due to the following factors:

  • MET has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $371.3 million.
  • MET traded 14,673 shares today in the pre-market hours as of 9:26 AM.
  • MET is up 5% today from yesterday's close.

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More details on MET:

MetLife, Inc. provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. The stock currently has a dividend yield of 4%. MET has a PE ratio of 9. Currently there are 10 analysts that rate MetLife a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for MetLife has been 6.8 million shares per day over the past 30 days. MetLife has a market cap of $43.1 billion and is part of the financial sector and insurance industry. The stock has a beta of 1.46 and a short float of 1.5% with 1.61 days to cover. Shares are down 15.4% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates MetLife as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Insurance industry average. The net income increased by 2.0% when compared to the same quarter one year prior, going from $2,158.00 million to $2,201.00 million.
  • METLIFE INC has improved earnings per share by 5.9% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, METLIFE INC reported lower earnings of $4.55 versus $5.42 in the prior year. This year, the market expects an improvement in earnings ($5.45 versus $4.55).
  • Despite the weak revenue results, MET has outperformed against the industry average of 13.1%. Since the same quarter one year prior, revenues slightly dropped by 1.1%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Despite currently having a low debt-to-equity ratio of 0.33, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further.

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