Tocqueville Asset Management L.P. grew its position in shares of Metlife Inc (NYSE:MET) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 423,944 shares of the financial services provider’s stock after acquiring an additional 43,621 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Metlife were worth $21,435,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Dallas Securities Inc. acquired a new position in shares of Metlife during the fourth quarter valued at $111,000. Ffcm LLC boosted 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 valued at $119,000 after acquiring an additional 2,142 shares during the period. Sandy Spring Bank boosted 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 valued at $120,000 after acquiring an additional 1,976 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Metlife during the third quarter valued at $151,000. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of Metlife during the third quarter valued at $175,000. 77.67% of the stock is owned by institutional investors.
Shares of Metlife Inc (NYSE:MET) traded down $0.19 during trading on Wednesday, reaching $46.91. 6,474,344 shares of the company’s stock traded hands, compared to its average volume of 9,250,000. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.29. Metlife Inc has a 12-month low of $43.38 and a 12-month high of $55.91. The company has a market capitalization of $49,360.00, a PE ratio of 10.88, a PEG ratio of 0.95 and a beta of 1.28.
Metlife (NYSE:MET) last issued its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41). Metlife had a return on equity of 8.59% and a net margin of 5.69%. The business had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. During the same quarter last year, the firm posted $1.28 earnings per share. equities research analysts anticipate that Metlife Inc will post 4.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.41%. The ex-dividend date was Friday, February 2nd. Metlife’s dividend payout ratio (DPR) is presently 37.12%.
MET has been the subject of several analyst reports. Wells Fargo & Co reduced their price target on shares of Metlife from $61.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Deutsche Bank began coverage on shares of Metlife in a research note on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective on the stock. Zacks Investment Research cut shares of Metlife from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Goldman Sachs Group restated a “buy” rating on shares of Metlife in a research note on Wednesday, January 31st. Finally, ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Metlife has a consensus rating of “Hold” and a consensus target price of $57.90.
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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