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Wednesday, December 21, 2011

MetLife (MET) insurance stock forecast 2012

MetLife (MET) insurance stock forecast 2012 : MetLife(MET) is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries. Through its subsidiaries and affiliates, MetLife holds leading market positions in the U.S., Japan, Latin America, Asia-Pacific, Europe and the Middle East.

Of the 23 analysts covering the stock, 78% recommend a buy and 22% suggest a hold. Analysts' average 12-month price target for the stock is $45.94, about 58.3% higher than the current price, according to data compiled by Bloomberg


For the third quarter 2011, Metlife reported revenue of $20.4 billion, up 65.8% from $12.3 billion in the same quarter previous year. Premiums increased by 44.1% to $9.34 billion from $6.48 billion in the same quarter of 2010. Net profit for the quarter was reported at $3.55 billion, or $3.35 per share, compared to $286 million, or 33 cents per share, in the prior-year period. Metlife originated over $1.6 billion in agricultural mortgages in the first nine months of 2011.

Metlife paid fourth quarter 2011 dividend of 25 cents per share on the company's floating rate non-cumulative preferred stock, Series A; and 40 cents per share on the company's 6.50% non-cumulative preferred stock, Series B.

For the fourth quarter of 2011, the company expects operating earnings between $1.2 billion and $1.3 billion, or $1.16 to $1.26 per share, up 7% from $1.2 billion, or $1.19 per share, in the fourth quarter of 2010.

For full year 2011, Metlife expects operating earnings to grow 32% to the range of $5.2 billion to $5.3 billion, or $4.83 to $4.93 per share, compared with $3.9 billion, or $4.43 per share, in 2010. For 2011, MetLife expects its premiums, fee and other revenue to increase 32% and range between $46.3 billion and $46.8 billion, compared with $35.2 billion in 2010.

To reflect its global reach, the company plans to reorganize its business structure into three broad categories: the Americas, EMEA (Europe, the Middle East and Africa), and Asia. For the latest updates on the insurance Stock Market, visit insurance Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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