How to Buy Metlife Stock
Metlife Inc
Metlife is a property & casualty insurance company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker MET on the NYSE exchange.
Metlife stock last closed at $72.72, up 0.69% from the previous day, and has increased 20.38% in one year. It has underperformed other stocks in the Insurance - Life industry by 0.19 percentage points. Metlife stock is currently +48.56% from its 52-week low of $48.95, and -2.62% from its 52-week high of $74.68.
As of Apr 24, 2024, there are 723.02M shares of MET outstanding. The market value of MET is $52.58B. In the past 24 hours, 2.06M MET shares were traded.
How to Buy Metlife Stock
Not sure how to invest in Metlife stock? Here's how.
- Decide where to buy Metlife stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Metlife stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your method of payment and add your details.
- Research Metlife stock: The Metlife ticker symbol is MET. Is Metlife stock a good investment? Should you buy shares of MET? How do MET's underlying business fundamentals look? Do top analysts think Metlife is a good buy? Why has MET's stock price moved recently? (Hint: Our stock market research tools can help you figure out if MET is a good stock to buy).
- Place your MET trade: Decide if you will purchase MET shares at the current market price or use a limit order to buy MET stock at a given price.
- Get notifications regarding your MET investment: Create a watchlist to get the latest news on your new investment in Metlife shares.
Step 1: Decide where to buy Metlife stock
You will need an online brokerage account to access the NYSE market and buy MET shares.
Our favorite brokerage: eToro
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- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal details so you can invest in MET stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on one of the best stock apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing funds into your investment account.
Step 4: Research Metlife stock
Once you have identified the best place to buy Metlife stock, it's very important to research their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Metlife stock data
MET Overview
WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MET's stock page.
Is MET stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MET's fair value.
Using relative valuations methods:
- MET could be overvalued based on its P/E ratio of 39.96x, relative to Insurance - Life industry P/E ratio of 16.39x
- MET may be overvalued based on its P/B ratio of 1.75x, relative to Insurance - Life industry P/B ratio of 1.4x
- MET may be undervalued based on its PEG ratio of 0.5x
You can access more valuation research on MET's stock here.
MET Financial Health Overview
Passed Financial Due Diligence Checks:
- MET's operating cash flow of $13.72B allows it to safely service it's debt of $19.47B.
- MET earnings of $2.14B is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- MET profit margin has gone down from 7.4% to 2.1% in the past year.
- Total MET debt is higher than 5 years ago, relative to shareholder equity.
- MET has a relatively high debt to equity ratio of 21.9.
Do Wall Street analysts think it's a good time to buy MET stock
Out of 7 Wall Street analysts who give recommendations on MET, the consensus analyst rating on Metlife is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest MET Analyst Forecasts
Alex Scott, a top 16% analyst from Goldman Sachs maintains MET with a strong buy rating and raises their MET price target from $70.00 to $80.00, on Jan 9, 2024.
Goldman Sachs's Alex Scott raised their price target on Metlife (NYSE: MET) by 14.3% from $70 to $80 on 2024/01/09. The analyst maintained their Strong Buy rating on the stock.
Metlife's stock price fell in 2023 because of investors' worries over the company's real estate holdings, Scott said, noting, however, that the company's main business has kept growing and its capital position is as strong as ever.
Goldman Sachs anticipates reduced challenges from "lower returns" on alternative investments in 2023, the analyst told investors.
Scott added that their firm believes investors will shift their attention toward Metlife's robust organic growth and stable operations.
Footnotes
Tracy Benguigui, a top 26% analyst from Barclays reinstates MET with a strong buy rating and announces their MET price target of $71.00, on Nov 17, 2023.
You can dive deeper into what analysts are forecasting on the Metlife stock forecast page.
MET Technicals
Is MET Growing Revenue?
Last year, MET earnings were $1.38B. Over the past 5 year, MET's earnings have increased by -18.14% per year. This was slower than the Insurance - Life industry average of -2.55%.
Last year, MET revenue was $66.91B. In the past 5 year, MET's revenue has grown by -0.31% per year. This was faster than the Insurance - Life industry average of -1.4%.
Dive into MET's earnings and revenue performance here.
What are MET executives and large shareholders up to?
Over the past 12 months, executives and large shareholders at MET have sold more shares than they have bought.
Cheryl W. Grise, Director of MET, was the latest MET insider to buy. They bought $43,771.86 worth of MET stock on Apr 1, 2024.
Learn more about who owns MET shares here.
Does MET stock generate passive income?
Metlife pays a dividend of 2.86%, compared to the Insurance - Life industry's average dividend yield of 2.44%. If you owned $1,000 worth of MET stock, you would have received $28.60 in the past 12 months.
Metlife dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Metlife dividend yield and history here.
What do other traders have to say about MET?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your MET trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute the order.
If you need additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your MET investment
Now that you own some shares in MET, you'll want to keep up with your stock purchase.
Start a watchlist to get notified of important updates regarding your MET stock.
MET Feed
How to Buy Stock in Metlife
To summarize, here are the 6 steps for buying Metlife stock:
- Decide where to buy Metlife stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Research Metlife stock
- Place your MET trade
- Get notifications regarding your MET investment
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Metlife, create a watchlist on WallStreetZen today.
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