Taylor Hoffman Wealth Management purchased a new stake in Metlife Inc (NYSE:MET) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,835 shares of the financial services provider’s stock, valued at approximately $497,000.
Other large investors have also made changes to their positions in the company. First Dallas Securities Inc. acquired a new stake in shares of Metlife during the fourth quarter worth $111,000. Ffcm LLC raised its holdings in shares of Metlife by 2,020.8% during the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,142 shares during the last quarter. Sandy Spring Bank raised its holdings in shares of Metlife by 495.2% during the fourth quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,976 shares during the last quarter. Cable Hill Partners LLC raised its holdings in shares of Metlife by 246.6% during the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Metlife during the third quarter worth $151,000. 76.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Metlife Inc (MET) traded up $0.84 on Friday, reaching $47.47. 4,341,881 shares of the company traded hands, compared to its average volume of 8,910,000. Metlife Inc has a 1 year low of $43.38 and a 1 year high of $55.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.16 and a current ratio of 0.15. The stock has a market cap of $49,950.00, a P/E ratio of 11.69, a P/E/G ratio of 0.95 and a beta of 1.31.
Metlife (NYSE:MET) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate 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 analysts’ expectations of $15.89 billion. During the same period in the prior year, the company posted $1.28 earnings per share. research analysts predict that Metlife Inc will post 4.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, February 2nd. Metlife’s payout ratio is 39.41%.
A number of research analysts have weighed in on MET shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Metlife in a report on Friday. Morgan Stanley cut their price objective on shares of Metlife from $59.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, February 14th. Wells Fargo & Co set a $60.00 target price on shares of Metlife and gave the stock a “buy” rating in a research note on Tuesday, February 13th. ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Metlife in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.58.
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Metlife Company Profile
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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