SeaCrest Wealth Management LLC bought a new position in shares of Metlife Inc (NYSE:MET) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 9,294 shares of the financial services provider’s stock, valued at approximately $470,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of Metlife by 17.3% in the 4th quarter. US Bancorp DE now owns 153,070 shares of the financial services provider’s stock worth $7,738,000 after acquiring an additional 22,631 shares during the period. Aperio Group LLC grew its holdings in Metlife by 4.2% during the 4th quarter. Aperio Group LLC now owns 503,618 shares of the financial services provider’s stock valued at $25,463,000 after buying an additional 20,226 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Metlife during the 4th quarter valued at $1,830,000. Kovack Advisors Inc. acquired a new stake in Metlife during the 4th quarter valued at $668,000. Finally, Boys Arnold & Co. Inc. grew its holdings in Metlife by 6.4% during the 4th quarter. Boys Arnold & Co. Inc. now owns 19,964 shares of the financial services provider’s stock valued at $1,009,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 76.55% of the company’s stock.
Shares of Metlife Inc (MET) traded up $0.63 on Wednesday, hitting $45.83. The company had a trading volume of 4,612,689 shares, compared to its average volume of 8,101,930. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.31. The stock has a market cap of $47,560.00, a price-to-earnings ratio of 10.56, a P/E/G ratio of 1.00 and a beta of 1.31. Metlife Inc has a twelve month low of $43.38 and a twelve month high of $55.91.
Metlife (NYSE:MET) last released its quarterly earnings data 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 negative net margin of 0.75% and a positive return on equity of 8.81%. The company had revenue of $15.79 billion during the quarter, compared to analysts’ expectations of $15.89 billion. During the same period last year, the business earned $1.28 earnings per share. equities research analysts forecast that Metlife Inc will post 4.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s dividend payout ratio (DPR) is presently 36.87%.
A number of brokerages have commented on MET. Goldman Sachs Group began coverage on Metlife in a report on Wednesday, October 18th. They set a “conviction-buy” rating and a $61.00 target price on the stock. B. Riley reiterated a “neutral” rating on shares of Metlife in a report on Monday, November 6th. Wells Fargo & Co reiterated a “buy” rating on shares of Metlife in a report on Wednesday, October 18th. Morgan Stanley reduced their price target on Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Zacks Investment Research raised Metlife from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, November 9th. 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’s stock. Metlife presently has an average rating of “Hold” and an average target price of $57.77.
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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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