Based on the financial data and recent analyst reports, here's a concise analysis of MetLife's valuation:
MetLife shows significant earnings deterioration with net income dropping from $5.1B in 2022 to $1.38B in 2023, indicating potential overvaluation concerns. The company's net margin declined sharply from 7.7% to 2.4% year-over-year, suggesting operational efficiency challenges. However, the debt-to-equity ratio improved from 131.56% to 122.27%, showing better financial leverage management.
Recent analyst coverage remains bullish, with Wells Fargo maintaining a Buy rating and $92 price target, while KBW reaffirmed their Buy rating with a $100 target. The consensus among analysts suggests a Strong Buy with an average price target of $98.18, representing a 15.51% upside potential from current levels.
The stock currently trades at $81.22, which appears fairly valued considering the deteriorating fundamentals but strong analyst support. The insider sentiment is notably negative, with recent insider selling activity including EVP & CRO MARLENE DEBEL's sale of 22,810 shares in December 2024.