Lombard Odier Asset Management Switzerland SA Acquires 13,790 Shares of MetLife, Inc. $MET

Lombard Odier Asset Management Switzerland SA grew its holdings in MetLife, Inc. (NYSE:MET) by 75.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,071 shares of the financial services provider’s stock after purchasing an additional 13,790 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in MetLife were worth $2,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of MetLife by 13.4% in the 2nd quarter. Allworth Financial LP now owns 10,893 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 1,285 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of MetLife by 188.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 417,515 shares of the financial services provider’s stock worth $33,577,000 after purchasing an additional 272,619 shares during the last quarter. Kathmere Capital Management LLC raised its stake in MetLife by 88.2% in the second quarter. Kathmere Capital Management LLC now owns 6,328 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 2,965 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in MetLife during the second quarter valued at approximately $1,608,000. Finally, Zurich Insurance Group Ltd FI purchased a new position in MetLife in the 1st quarter worth approximately $12,060,000. 94.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on MET. Wolfe Research upgraded shares of MetLife to a “strong-buy” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods lowered their price target on MetLife from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of MetLife in a report on Monday. Cowen reissued a “buy” rating on shares of MetLife in a report on Friday, August 22nd. Finally, Wells Fargo & Company dropped their target price on MetLife from $96.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.60.

MetLife Stock Down 0.4%

MET opened at $77.79 on Wednesday. MetLife, Inc. has a 12 month low of $65.21 and a 12 month high of $88.09. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $78.50 and its 200-day moving average price is $78.69. The company has a market cap of $51.26 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.75 and a beta of 0.76.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.07. The company had revenue of $12.46 billion during the quarter, compared to analysts’ expectations of $18.64 billion. MetLife had a return on equity of 21.00% and a net margin of 5.30%.MetLife’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 EPS. On average, equities analysts expect that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th were paid a $0.5675 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, November 4th. MetLife’s payout ratio is presently 42.75%.

MetLife Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.