ETRADE Capital Management LLC boosted its holdings in Metlife Inc (NYSE:MET) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,187 shares of the financial services provider’s stock after purchasing an additional 10,344 shares during the quarter. ETRADE Capital Management LLC’s holdings in Metlife were worth $2,133,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Metlife by 16.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 162,441 shares of the financial services provider’s stock valued at $8,439,000 after purchasing an additional 22,842 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Metlife during the third quarter worth approximately $184,000. One Capital Management LLC boosted its holdings in Metlife by 4.1% in the third quarter. One Capital Management LLC now owns 43,370 shares of the financial services provider’s stock worth $2,253,000 after purchasing an additional 1,716 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Metlife by 19.5% in the third quarter. Daiwa Securities Group Inc. now owns 246,148 shares of the financial services provider’s stock worth $12,787,000 after purchasing an additional 40,237 shares during the period. Finally, Boston Partners boosted its holdings in Metlife by 2.3% in the third quarter. Boston Partners now owns 2,056,257 shares of the financial services provider’s stock worth $106,823,000 after purchasing an additional 45,634 shares during the period. Institutional investors own 77.67% of the company’s stock.
Several brokerages have recently issued reports on MET. UBS Group reissued a “neutral” rating and set a $51.00 price target (down previously from $52.00) on shares of Metlife in a report on Friday, March 2nd. Morgan Stanley dropped their price target on shares of Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 14th. Wells Fargo & Co set a $60.00 price target on Metlife and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Metlife in a research note on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $56.00 price target on shares of Metlife in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.90.
Metlife Inc (NYSE:MET) traded down $0.19 during midday trading on Wednesday, hitting $46.91. The stock had a trading volume of 6,474,344 shares, compared to its average volume of 9,250,000. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $49,360.00, a price-to-earnings ratio of 10.88, a P/E/G ratio of 0.95 and a beta of 1.28. Metlife Inc has a 52 week low of $43.38 and a 52 week high of $55.91.
Metlife (NYSE:MET) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share 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 8.59%. The company 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 earned $1.28 earnings per share. analysts anticipate that Metlife Inc will post 4.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 5th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.60 annualized dividend and a yield of 3.41%. Metlife’s payout ratio is currently 37.12%.
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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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