Taylor Hoffman Wealth Management acquired a new position in Metlife Inc (NYSE:MET) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,835 shares of the financial services provider’s stock, valued at approximately $497,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of MET. Epoch Investment Partners Inc. boosted its holdings in shares of Metlife by 208.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock worth $534,623,000 after purchasing an additional 6,954,917 shares in the last quarter. BlackRock Inc. boosted its holdings in Metlife by 1.5% during the 4th quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock valued at $3,700,792,000 after acquiring an additional 1,097,982 shares during the period. TD Asset Management Inc. boosted its holdings in Metlife by 20.5% during the 3rd quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock valued at $325,671,000 after acquiring an additional 1,067,700 shares during the period. Alps Advisors Inc. boosted its holdings in Metlife by 9,943.0% during the 4th quarter. Alps Advisors Inc. now owns 907,988 shares of the financial services provider’s stock valued at $45,908,000 after acquiring an additional 898,947 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Metlife by 58.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,178,614 shares of the financial services provider’s stock valued at $113,655,000 after acquiring an additional 806,800 shares during the period. Hedge funds and other institutional investors own 76.55% of the company’s stock.
Shares of Metlife Inc (MET) opened at $46.64 on Friday. Metlife Inc has a fifty-two week low of $43.38 and a fifty-two week high of $55.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.16. The firm has a market capitalization of $48,739.39, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.31.
Metlife (NYSE:MET) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). Metlife had a return on equity of 8.62% and a net margin of 5.69%. The business had revenue of $15.79 billion during the quarter, compared to analysts’ expectations of $15.89 billion. During the same quarter last year, the business posted $1.28 EPS. sell-side analysts forecast that Metlife Inc will post 4.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, February 2nd. Metlife’s dividend payout ratio (DPR) is currently 46.92%.
Several brokerages recently weighed in on MET. Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price (up from $56.00) on shares of Metlife in a report on Friday, November 3rd. Morgan Stanley increased their target price on Metlife from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Argus increased their target price on Metlife from $55.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 6th. Zacks Investment Research cut Metlife from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Finally, B. Riley restated a “neutral” rating on shares of Metlife in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $57.77.
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MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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