Lincluden Management Ltd. cut its holdings in MetLife (NYSE:MET) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,616 shares of the financial services provider’s stock after selling 4,075 shares during the quarter. Lincluden Management Ltd.’s holdings in MetLife were worth $10,447,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its position in MetLife by 1.5% in the fourth quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock worth $3,700,792,000 after acquiring an additional 1,097,982 shares in the last quarter. Geode Capital Management LLC raised its position in MetLife by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 10,504,468 shares of the financial services provider’s stock worth $529,964,000 after acquiring an additional 174,242 shares in the last quarter. Epoch Investment Partners Inc. raised its position in MetLife by 208.5% in the third quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock worth $534,623,000 after acquiring an additional 6,954,917 shares in the last quarter. American Century Companies Inc. raised its position in MetLife by 10.3% in the fourth quarter. American Century Companies Inc. now owns 6,625,997 shares of the financial services provider’s stock worth $335,010,000 after acquiring an additional 619,487 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in MetLife by 20.5% in the third quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock worth $325,671,000 after acquiring an additional 1,067,700 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of MetLife from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Wells Fargo set a $62.00 price target on shares of MetLife and gave the stock a “buy” rating in a research report on Thursday, December 14th. Deutsche Bank assumed coverage on shares of MetLife in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 price target on the stock. Goldman Sachs reiterated a “buy” rating on shares of MetLife in a research report on Wednesday, January 31st. Finally, ValuEngine cut shares of MetLife from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $57.90.
Shares of MetLife (MET) opened at $47.27 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $49,053.95, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. MetLife has a twelve month low of $43.38 and a twelve 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.41). The company had revenue of $15.79 billion for the quarter, compared to analyst estimates of $15.89 billion. MetLife had a return on equity of 8.59% and a net margin of 5.69%. During the same quarter in the previous year, the firm posted $1.28 EPS. equities analysts expect that MetLife will post 4.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.38%. MetLife’s dividend payout ratio is 46.92%.
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MetLife, Inc, through its subsidiaries, engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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