W.G. Shaheen & Associates DBA Whitney & Co increased its position in Metlife Inc (NYSE:MET) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,742 shares of the financial services provider’s stock after purchasing an additional 1,142 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Metlife were worth $1,655,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Metlife by 1.5% in the 4th quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock worth $3,700,792,000 after purchasing an additional 1,097,982 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Metlife by 208.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock worth $534,623,000 after purchasing an additional 6,954,917 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Metlife by 10.3% in the 4th quarter. American Century Companies Inc. now owns 6,625,997 shares of the financial services provider’s stock worth $335,010,000 after purchasing an additional 619,487 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Metlife by 20.5% in the 3rd quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock worth $325,671,000 after purchasing an additional 1,067,700 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Metlife by 3.4% in the 4th quarter. Pzena Investment Management LLC now owns 5,789,379 shares of the financial services provider’s stock worth $292,711,000 after purchasing an additional 192,604 shares in the last quarter. Institutional investors own 76.25% of the company’s stock.
A number of brokerages recently issued reports on MET. Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Thursday, November 9th. B. Riley reiterated a “neutral” rating on shares of Metlife in a report on Monday, November 6th. Sandler O’Neill cut Metlife from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Wells Fargo & Co set a $60.00 target price on Metlife and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, Morgan Stanley cut their target price on Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. Metlife has a consensus rating of “Hold” and a consensus price target of $57.77.
Shares of Metlife Inc (MET) traded up $0.05 during trading hours on Thursday, reaching $47.00. The company’s stock had a trading volume of 189,697 shares, compared to its average volume of 7,994,626. The company has a current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.29. Metlife Inc has a fifty-two week low of $43.38 and a fifty-two week high of $55.91. The company has a market cap of $48,906.27, a PE ratio of 13.76, a PEG ratio of 0.95 and a beta of 1.31.
Metlife (NYSE:MET) last issued its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). Metlife had a net margin of 5.69% and a return on equity of 8.62%. The company had revenue of $15.79 billion for the quarter, compared to the consensus estimate of $15.89 billion. During the same quarter last year, the business posted $1.28 earnings per share. equities research analysts forecast that Metlife Inc will post 4.94 earnings per share for the current year.
The firm also recently announced 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 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Friday, February 2nd. Metlife’s dividend payout ratio is presently 46.92%.
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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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