Strs Ohio Purchases 46,469 Shares of MetLife, Inc. $MET

Strs Ohio boosted its position in shares of MetLife, Inc. (NYSE:METFree Report) by 16.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 326,091 shares of the financial services provider’s stock after acquiring an additional 46,469 shares during the period. Strs Ohio’s holdings in MetLife were worth $25,742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC acquired a new position in shares of MetLife during the 3rd quarter worth approximately $6,649,000. Thrivent Financial for Lutherans raised its stake in shares of MetLife by 8.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,176,469 shares of the financial services provider’s stock worth $96,905,000 after buying an additional 96,523 shares during the period. Nordea Investment Management AB raised its stake in shares of MetLife by 2.6% during the 4th quarter. Nordea Investment Management AB now owns 4,630,165 shares of the financial services provider’s stock worth $366,524,000 after buying an additional 117,545 shares during the period. Varma Mutual Pension Insurance Co increased its position in shares of MetLife by 21.9% during the third quarter. Varma Mutual Pension Insurance Co now owns 137,956 shares of the financial services provider’s stock worth $11,363,000 after purchasing an additional 24,800 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of MetLife by 256.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 62,662 shares of the financial services provider’s stock worth $5,161,000 after purchasing an additional 45,100 shares in the last quarter. 94.99% of the stock is owned by institutional investors.

MetLife News Summary

Here are the key news stories impacting MetLife this week:

Analysts Set New Price Targets

Several analysts recently commented on MET shares. Bank of America dropped their price target on MetLife from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings upgraded MetLife from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Wall Street Zen upgraded MetLife from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. UBS Group boosted their price target on MetLife from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company dropped their target price on MetLife from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, MetLife presently has an average rating of “Moderate Buy” and an average price target of $93.38.

Check Out Our Latest Analysis on MET

MetLife Stock Performance

Shares of MetLife stock opened at $80.29 on Friday. MetLife, Inc. has a 52 week low of $67.33 and a 52 week high of $83.85. The business’s fifty day simple moving average is $73.14 and its 200-day simple moving average is $76.57. The firm has a market cap of $52.36 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.71 and a beta of 0.78. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.52.

MetLife (NYSE:METGet Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.34 by $0.15. MetLife had a return on equity of 21.81% and a net margin of 4.38%.The business had revenue of $52.44 billion for the quarter, compared to analyst estimates of $31.43 billion. During the same quarter in the prior year, the company posted $2.08 EPS. The company’s quarterly revenue was up 27.6% on a year-over-year basis. Equities analysts forecast that MetLife, Inc. will post 9.87 earnings per share for the current year.

MetLife Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 12th will be issued a dividend of $0.5925 per share. This is a positive change from MetLife’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, May 12th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. MetLife’s dividend payout ratio (DPR) is 48.30%.

About MetLife

(Free Report)

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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