Peet Serfontein, Khumbulani Kunene
MetLife, Inc.is one of the largest insurance and financial services companies in the United States (US). It provides life insurance, annuities, automobile and homeowners insurance, retail banking, and other financial services to individuals, as well as group insurance. The company has operations throughout the US and in Latin America, Europe, and the Asia Pacifi
Headquartered in New York, the company serves ~90 million customers in over 40 countries and is particularly well-known for its strong presence in group benefits for employers. MET is also one of the largest institutional investors in the US with a general account portfolio invested primarily in fixed-income securities and mortgage loans, as well as real estate, real estate joint ventures, other limited partnerships and equity securities
Technically, a price in a developing rising wedge pattern presents a promising investment opportunity (see the black converging trendlines on the main chart as well as the one to five notation). The occurrence of this pattern at the start of the Elliott Wave leg five can support a bullish case
Bullish Bollinger Band buy signals are also supportive (see the insert on the main chart). These buy signals typically occur when the price rebounds from the lower Bollinger Band or crosses above the simple moving average (SMA), suggesting that the stock is regaining upward momentum after a short-term correctio
The start of upside price momentum per the MACD histogram, as well as the recent upward trajectory of the on-balance volume (OBV) indicator supports our bullish view.
| Share Information | |
|---|---|
| Share Code | MET US |
| Industry | Insurance |
| Market Capital (USD) | 53.2 billion |
| One Year Total Return | 16.10% |
| Return Year-to-Date | -1.78% |
| Current Price (USD) | 79.32 |
| 52 Week High (USD) | 89.05 |
| 52 Week Low (USD) | 65.21 |
| Financial Year End | December |
| The price is sandwiched between its 200-week and 200-day SMAs. The stock has achieved good double-digit growth this year. | |
| Consensus Expectations (Bloomberg) | ||||
|---|---|---|---|---|
| FY24 | FY25E | FY26E | FY27E | |
| Headline Earnings per Share (USD) | 8.15 | 9.15 | 10.33 | 11.40 |
| Growth (%) | 12.27 | 12.85 | 10.42 | |
| Dividend Per Share (USD) | 2.16 | 2.28 | 2.38 | 2.52 |
| Growth (%) | 5.57 | 4.40 | 6.23 | |
| Forward PE (times) | 8.22 | 7.36 | 6.96 | |
| Forward Dividend Yield (%) | 2.87 | 2.99 | 3.18 | |
| Medium-term growth prospects remain positive with momentum expected to improve over the next few financial periods. | ||||
Buy/Sell Rationale:
Technical Analysis:
Fundamental view
| Share Name and Position | PANW US - BUY (Continue to hold) |
CTAS - BUY (Continue to hold) |
LULU - BUY (Continue to hold) |
|---|---|---|---|
| Entry | 173.55 | 205.84 | 310.61 |
| Current | 197.12 | 227.58 | 334.91 |
| Movement | +13.6% | +10.6% | +7.8% |
|
A recent trough in the stock's price continues to attract attention. Remains above its 200-day SMA. Upside price momentum is supportive.
Our profit target remains at $228.00 with a trailing stop-loss at $172.00. Exit the trade around 25 June 2025. |
A bullish pennant pattern continues to attract attention. Remains above its 200-day SMA. Strong upside price momentum is supportive.
Our profit target remains at $213.00 with a trailing stop-loss at $201.00. Exit the trade by 25 June 2025. |
A price in a developing Megaphone pattern remains of interest. Crossed above its 200-day SMA. The start of upside price momentum is supportive
Our profit target remains at $388.00 with a trailing stop-loss at $303.00. Exit the trade by 13 August 2025. |
| Share Name and Position | SW US - BUY (Continue to hold) |
ABBV US - BUY (Continue to hold) |
MSI US - BUY (Continue to hold) |
|---|---|---|---|
| Entry | 39.56 | 185.72 | 422.93 |
| Current | 42.18 | 187.25 | 422.21 |
| Movement | +6.6% | +0.8% | -0.2% |
|
A trough in the Elliott wave theory remains of interest. Remains below its 200-day SMA. Fading downside price momentum is supportive.
Our profit target remains at $49.00 with a trailing stop-loss at $39.00. Exit the trade around 20 August 2025. |
A price in an upward sloping inclining channel pattern remains of interest. Remains just below its 200-day SMA. Fading downside price momentum is supportive.
Our profit target remains at $216.00 with a trailing stop-loss at $175.00. Exit the trade around 20 August 2025. |
A price at the start of wave 5 out of the Elliott wave price action remains of interest. Remains below its 200-day SMA. Fading downside price momentum is supportive.
Our profit target remains at $476.00 with a trailing stop-loss at $402.00. Exit the trade around 13 August 2025. |
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