Global X Management Co. LLC lessened its stake in Metlife Inc (NYSE:MET) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,191 shares of the financial services provider’s stock after selling 2,577 shares during the period. Global X Management Co. LLC’s holdings in Metlife were worth $1,324,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. PGGM Investments increased its position in Metlife by 2.3% during the 3rd quarter. PGGM Investments now owns 576,944 shares of the financial services provider’s stock valued at $29,972,000 after purchasing an additional 12,978 shares during the period. Rockefeller Financial Services Inc. increased its position in Metlife by 189.7% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 37,153 shares of the financial services provider’s stock valued at $1,930,000 after purchasing an additional 24,330 shares during the period. Intl Fcstone Inc. purchased a new position in Metlife during the 2nd quarter valued at about $383,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Metlife during the 4th quarter valued at about $1,279,000. Finally, CHURCHILL MANAGEMENT Corp increased its position in Metlife by 35.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 28,309 shares of the financial services provider’s stock valued at $1,431,000 after purchasing an additional 7,470 shares during the period. 76.25% of the stock is currently owned by institutional investors.
A number of research analysts have commented on MET shares. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price (up previously from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Morgan Stanley raised their target price on shares of Metlife from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Argus raised their target price on shares of Metlife from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 6th. B. Riley reissued a “neutral” rating on shares of Metlife in a research report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Metlife from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $57.77.
Shares of Metlife Inc (NYSE:MET) opened at $46.64 on Monday. Metlife Inc has a 1-year low of $43.38 and a 1-year high of $55.91. The firm has a market cap of $48,645.52, a PE ratio of 9.40, a PEG ratio of 1.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.16.
Metlife (NYSE:MET) last released its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). Metlife had a net margin of 5.69% and a return on equity of 8.62%. The firm had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. During the same quarter in the prior year, the business posted $1.28 earnings per share. sell-side analysts predict that Metlife Inc will post 4.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, February 2nd. Metlife’s dividend payout ratio (DPR) is presently 46.92%.
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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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