New Mexico Educational Retirement Board boosted its holdings in Metlife Inc (NYSE:MET) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,187 shares of the financial services provider’s stock after purchasing an additional 3,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Metlife were worth $5,167,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Cowen Prime Services LLC boosted its holdings in Metlife by 16.0% in the third quarter. Cowen Prime Services LLC now owns 7,250 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 1,000 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Metlife by 0.7% in the third quarter. Xact Kapitalforvaltning AB now owns 152,710 shares of the financial services provider’s stock valued at $7,933,000 after purchasing an additional 1,004 shares during the last quarter. First National Trust Co. boosted its holdings in Metlife by 1.6% in the third quarter. First National Trust Co. now owns 63,661 shares of the financial services provider’s stock valued at $3,307,000 after purchasing an additional 1,019 shares during the last quarter. Investment Centers of America Inc. boosted its holdings in Metlife by 11.6% in the third quarter. Investment Centers of America Inc. now owns 9,874 shares of the financial services provider’s stock valued at $511,000 after purchasing an additional 1,026 shares during the last quarter. Finally, Intrust Bank NA boosted its holdings in Metlife by 4.2% in the third quarter. Intrust Bank NA now owns 25,560 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 1,042 shares during the last quarter. 76.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Metlife Inc (NYSE:MET) opened at $45.20 on Wednesday. Metlife Inc has a one year low of $43.38 and a one year high of $55.91. The stock has a market capitalization of $46,953.58, a P/E ratio of -90.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.
Metlife (NYSE:MET) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.41). Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. During the same period last year, the firm posted $1.28 EPS. equities research analysts expect that Metlife Inc will post 4.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Friday, February 2nd. Metlife’s payout ratio is -320.00%.
A number of research analysts recently commented on the company. Wells Fargo & Co set a $60.00 price target on Metlife and gave the company a “buy” rating in a report on Tuesday. ValuEngine downgraded Metlife from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs Group reissued a “buy” rating on shares of Metlife in a report on Wednesday, January 31st. Zacks Investment Research cut Metlife from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Deutsche Bank began coverage on Metlife in a research note on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.65.
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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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