MetLife Inc. ($MET) Stock Forecast: Down 5.3% Today

What is MetLife Inc.?

MetLife is a leading global provider of insurance, annuities, and employee benefit programs, serving 90 million customers in over 60 countries. The company operates through segments such as U.S., Asia, Latin America, EMEA, and MetLife Holdings.

Why is MetLife Inc. going down?

MET stock is down 5.3% on Oct 31, 2024 18:43

• MetLife reported weaker-than-expected Q3 earnings and revenue, missing estimates by -10.65% and 4.66% respectively, leading to a bearish movement in the stock.
• The poor performance was attributed to a weak Group Benefits unit, high costs, and a lower recurring interest margin in RIS, impacting the company's financials negatively.
• Investors may have reacted negatively to the earnings miss, prompting a sell-off in the stock as they reassess the company's growth prospects and financial health moving forward.
• The uncertainty surrounding MetLife's future performance post-Q3 results may have contributed to the bearish sentiment, with investors potentially adopting a cautious approach until clearer signals of improvement emerge.

MET Price Chart

MET Technical Analysis

MET News

MetLife Q3 Earnings Miss on Weak Group Benefits Unit & High Costs

MET's third-quarter earnings suffer from higher expenses and a lower recurring interest margin in RIS.

https://www.zacks.com/stock/news/2362073/metlife-q3-earnings-miss-on-weak-group-benefits-unit-high-costs

MetLife ( MET ) Misses Q3 Earnings and Revenue Estimates

MetLife (MET) delivered earnings and revenue surprises of -10.65% and 4.66%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2361113/metlife-met-misses-q3-earnings-and-revenue-estimates

MetLife Stock Before Q3 Earnings: Buy Now or Wait for Results?

MET's third-quarter earnings are likely to have benefited from rising premiums and investment income.

https://www.zacks.com/stock/news/2359808/metlife-stock-before-q3-earnings-buy-now-or-wait-for-results

Exploring Analyst Estimates for MetLife ( MET ) Q3 Earnings, Beyond Revenue and EPS

Besides Wall Street's top -and-bottom-line estimates for MetLife (MET), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

https://www.zacks.com/stock/news/2357645/exploring-analyst-estimates-for-metlife-met-q3-earnings-beyond-revenue-and-eps

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MetLife Inc. Price History

31.09.2024 - MET Stock was down 5.3%

• MetLife reported weaker-than-expected Q3 earnings and revenue, missing estimates by -10.65% and 4.66% respectively, leading to a bearish movement in the stock.
• The poor performance was attributed to a weak Group Benefits unit, high costs, and a lower recurring interest margin in RIS, impacting the company's financials negatively.
• Investors may have reacted negatively to the earnings miss, prompting a sell-off in the stock as they reassess the company's growth prospects and financial health moving forward.
• The uncertainty surrounding MetLife's future performance post-Q3 results may have contributed to the bearish sentiment, with investors potentially adopting a cautious approach until clearer signals of improvement emerge.

31.09.2024 - MET Stock was down 7.3%

• MetLife (MET) reported Q3 earnings and revenue below analysts' estimates, leading to a bearish movement in the stock.
• Despite expectations of benefiting from rising premiums and investment income, the actual results fell short, disappointing investors.
• The missed earnings and revenue numbers suggest potential challenges or weaknesses in MetLife's operations during the quarter, raising concerns about its future performance.
• Investors may have reacted negatively to the company's underperformance in key metrics, leading to a sell-off of MetLife's stock.

31.06.2023 - MET Stock was up 2.3%

• The bullish movement in MET stock today can be attributed to the following factors:
• 1. Beyoncé's triumphant concert at MetLife Stadium: The sold-out show by Beyoncé at MetLife Stadium created a positive buzz and excitement around the venue. This could have generated positive sentiment among investors, leading to increased demand for MET stock.
• 2. Positive market sentiment: The article mentioning the decline in short interest in MetLife indicates that traders are becoming more optimistic about the company's prospects. This could have contributed to the bullish movement in the stock.
• 3. Key Person Income Insurance market boom: The news about the Key Person Income Insurance market giants, including MetLife, experiencing increased spending, suggests a positive outlook for the insurance industry. This positive market sentiment could have spilled over to MET stock, driving its bullish movement.
• Overall, the combination of positive events, such as the Beyoncé concert and positive market sentiment, likely contributed to the bullish movement in MET stock today.

06.10.2023 - MET Stock was down 2.1%

• The bearish movement in MET's stock today could be attributed to several factors:
• 1. Reduction in holdings: Impax Asset Management Group plc reduced its position in MET during the second quarter, which may have signaled a lack of confidence in the stock and contributed to the bearish movement.
• 2. Earnings miss: Despite rising investment returns, MET reported a Q3 earnings miss. This could have disappointed investors and led to a negative sentiment towards the stock.
• 3. Lack of positive news: The news articles provided do not mention any significant positive developments or catalysts for MET. This absence of positive news may have contributed to the bearish market movement.
• 4. External factors: While not directly related to MET, the mention of the New Jersey governor spending money on stadium events, including a Taylor Swift concert, is unrelated to the company's performance and is unlikely to have influenced the bearish movement in MET's stock.

04.03.2024 - MET Stock was down 0.6%

• Despite being named one of the 100 Best Companies to Work For in 2024, there was a bearish movement in MET stock.
• The announcement of enhanced employee benefits, such as menopause, fertility, and gender affirmation leave, could have influenced investor sentiment negatively, potentially due to worries about rising operational costs.
• Investors may be waiting for the upcoming first quarter 2024 earnings call and financial results, leading to a cautious stance towards MET stock in the short term.
• The emphasis on employee well-being and development, while fostering a positive company culture, may have sparked concerns about potential impacts on financial performance from an investor's perspective.

24.10.2023 - MET Stock was up 1.0%

• The bullish movement in MET's stock today could be attributed to several factors:
• 1. Positive market sentiment: The overall market may have experienced a bullish trend, leading to increased investor confidence in MET's stock.
• 2. Strong financial performance: MET may have reported better-than-expected financial results, indicating growth and profitability, which could have attracted investors.
• 3. Decreased competition: The news articles mention that METLife Investment Management LLC sold shares of other companies, such as Albemarle Co., Devon Energy Co., and Prudential Financial, Inc. This could indicate that MET is seen as a more favorable investment option compared to its competitors.
• 4. Portfolio adjustments: ExodusPoint Capital Management LP reduced its position in MET's stock, which could be seen as a strategic move to rebalance their portfolio. However, this selling pressure did not significantly impact the overall bullish movement of MET's stock.
• Overall, the bullish movement in MET's stock today could be a result of positive market sentiment, strong financial performance, decreased competition, and portfolio adjustments by investors.

02.01.2024 - MET Stock was down 5.6%

• The bearish movement in MET stock today can be attributed to several factors:
• 1. Mixed Q4 Results: Despite reporting strong earnings for the quarter, MetLife's Q4 results were mixed, with high costs and a weak EMEA unit impacting their performance. This could have raised concerns among investors about the company's ability to sustain growth and profitability.
• 2. Market Challenges: MetLife's Q4 results were achieved amid market challenges, as mentioned in an article from GuruFocus. The insurance industry has been facing various challenges, including regulatory changes and market volatility, which could have influenced investor sentiment and contributed to the bearish movement.
• 3. Earnings Call: The lack of available summaries for the earnings call in two articles from Seeking Alpha suggests that there may have been some negative aspects discussed during the call that impacted investor confidence. This could have further contributed to the bearish movement in MET stock.
• 4. Increased Costs and Weak EMEA Unit: As mentioned in an article from Zacks Commentary, MetLife's Q4 results were affected by increased policyholder benefits and claims, as well as a weak EMEA unit. These factors could have raised concerns about the company's financial performance and future prospects, leading to a bearish market movement.
• Overall, the bearish movement in MET stock today can be attributed to mixed Q4 results, market challenges, negative aspects discussed during the earnings call, and the impact of increased costs and a weak EMEA unit.

02.07.2024 - MET Stock was down 6.8%

• Despite positive second-quarter earnings and revenue beats, MetLife (MET) experienced a bearish movement.
• The focus on sustainability and volunteerism highlighted in the 2023 Sustainability Report may have been overshadowed by concerns about the poor performance in the Retail Institutional Solutions (RIS) segment.
• Investors might be reacting to the mixed results from different segments of MetLife's business, leading to a sell-off in the stock.
• The market movement could also be influenced by broader economic factors or industry-specific challenges impacting MetLife's stock price.

02.07.2024 - MET Stock was down 7.2%

• Despite reporting strong Q2 earnings and beating estimates, MetLife (MET) experienced a bearish movement in the stock market.
• The bearish market movement could be attributed to the poor performance in the Retirement & Income Solutions (RIS) segment, which partially offset the positive results in other segments.
• Investors may have been disappointed by the mixed results, leading to a sell-off in the stock despite the overall beat on earnings and revenues.
• The market might be reacting to uncertainties about the future outlook of MetLife, as there are questions about whether the reported numbers hold clues to what lies ahead for the stock.