Met life stock price forecast in the insurance sector outlook

In the insurance sector outlook, MetLife’s risk-adjusted capital ratio remains robust, reinforcing a bullish MetLife stock price forecast around $72 for 2024 year-end, contingent on consistent underwriting margins and dividend growth. According to the most widely followed narrative, MetLife is currently undervalued by over 13%, based on a combination of measured growth opportunities and market expectations for the next several years. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MetLife has missed Wall Street’s revenue estimates four times over the last two years. Dividend yield stability at 3% contributes to the long-term MetLife stock price forecast of steady appreciation, especially if management sustains payout ratio below 45% amid earnings growth.