Citizens Financial Group Inc RI lifted its position in shares of Metlife Inc (NYSE:MET) by 10.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,688 shares of the financial services provider’s stock after buying an additional 461 shares during the period. Citizens Financial Group Inc RI’s holdings in Metlife were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Evoke Wealth LLC increased its holdings in shares of Metlife by 3.2% during the 4th quarter. Evoke Wealth LLC now owns 6,448 shares of the financial services provider’s stock worth $329,000 after buying an additional 197 shares during the last quarter. CWM LLC increased its holdings in shares of Metlife by 10.6% during the 4th quarter. CWM LLC now owns 2,242 shares of the financial services provider’s stock worth $114,000 after buying an additional 215 shares during the last quarter. Advisor Partners LLC increased its holdings in shares of Metlife by 1.2% during the 4th quarter. Advisor Partners LLC now owns 22,729 shares of the financial services provider’s stock worth $1,178,000 after buying an additional 274 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Metlife by 4.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,625 shares of the financial services provider’s stock worth $338,000 after buying an additional 275 shares during the last quarter. Finally, World Asset Management Inc increased its holdings in shares of Metlife by 0.5% during the 4th quarter. World Asset Management Inc now owns 58,919 shares of the financial services provider’s stock worth $3,003,000 after buying an additional 294 shares during the last quarter. Institutional investors and hedge funds own 74.04% of the company’s stock.
A number of analysts have recently issued reports on the stock. Wells Fargo & Co cut their price target on shares of Metlife from $59.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Citigroup upgraded shares of Metlife from a “sell” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $32.00 in a report on Monday, March 16th. Piper Sandler dropped their target price on shares of Metlife from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, April 3rd. ValuEngine downgraded shares of Metlife from a “sell” rating to a “strong sell” rating in a report on Thursday, April 23rd. Finally, Morgan Stanley lifted their target price on shares of Metlife from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Metlife has a consensus rating of “Hold” and a consensus price target of $42.25.
Shares of MET stock opened at $33.34 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. Metlife Inc has a 52 week low of $22.85 and a 52 week high of $53.28. The stock has a market capitalization of $30.40 billion, a PE ratio of 3.55 and a beta of 1.33. The firm has a 50 day moving average of $32.93 and a two-hundred day moving average of $43.33.
Metlife (NYSE:MET) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.14. The company had revenue of $15.54 billion during the quarter, compared to analysts’ expectations of $16.38 billion. Metlife had a net margin of 12.37% and a return on equity of 8.85%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 EPS. Analysts expect that Metlife Inc will post 5.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 8th will be given a dividend of $0.46 per share. This is a boost from Metlife’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Thursday, May 7th. Metlife’s payout ratio is 30.11%.
Metlife Company Profile
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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