Candriam Luxembourg S.C.A. trimmed its position in shares of Metlife Inc (NYSE:MET) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,673 shares of the financial services provider’s stock after selling 13,892 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Metlife were worth $4,483,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MET. Griffin Asset Management Inc. acquired a new stake in shares of Metlife during the 2nd quarter worth $2,424,000. Intl Fcstone Inc. acquired a new stake in shares of Metlife during the 2nd quarter worth $383,000. PGGM Investments increased its holdings in shares of Metlife by 2.3% during the 3rd quarter. PGGM Investments now owns 576,944 shares of the financial services provider’s stock worth $29,972,000 after buying an additional 12,978 shares during the last quarter. Lincoln Capital Corp increased its holdings in shares of Metlife by 9.6% during the 3rd quarter. Lincoln Capital Corp now owns 75,946 shares of the financial services provider’s stock worth $3,945,000 after buying an additional 6,664 shares during the last quarter. Finally, Hermes Investment Management Ltd. increased its holdings in shares of Metlife by 30.0% during the 3rd quarter. Hermes Investment Management Ltd. now owns 283,208 shares of the financial services provider’s stock worth $14,713,000 after buying an additional 65,438 shares during the last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.
Metlife Inc (NYSE:MET) opened at $46.64 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.16. The firm has a market cap of $49,080.00, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.04 and a beta of 1.31. Metlife Inc has a 12-month low of $43.38 and a 12-month high of $55.91.
Metlife (NYSE:MET) last posted its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). The firm had revenue of $15.79 billion during the quarter, compared to analysts’ expectations of $15.89 billion. Metlife had a net margin of 5.69% and a return on equity of 8.62%. During the same period in the previous year, the company earned $1.28 earnings per share. equities research analysts predict that Metlife Inc will post 4.97 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.43%. Metlife’s payout ratio is currently 39.41%.
MET has been the subject of a number of research analyst reports. Wells Fargo & Co dropped their price objective on Metlife from $61.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Deutsche Bank initiated coverage on Metlife in a report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective for the company. Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, November 9th. ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Sandler O’Neill cut shares of Metlife from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. 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 a consensus rating of “Hold” and a consensus 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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