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Metlife (MET) Receives a Hold from Piper Sandler

Tipranks - Tipranks - Wed May 27, 6:04AM CDT

In a report released today, Paul Newsome from Piper Sandler maintained a Hold rating on Metlife, with a price target of $86.00.

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Newsome covers the Financial sector, focusing on stocks such as Accelerant Holdings Class A, Neptune Insurance Holdings, Inc. Class A, and Prudential Financial. According to TipRanks, Newsome has an average return of 11.2% and a 66.46% success rate on recommended stocks.

In addition to Piper Sandler, Metlife also received a Hold from Morgan Stanley’s Bob Huang in a report issued on May 21. However, on May 13, KBW maintained a Buy rating on Metlife (NYSE: MET).

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Based on Metlife’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $19.07 billion and a net profit of $1.19 billion. In comparison, last year the company earned a revenue of $18.26 billion and had a net profit of $945 million

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