TIAA CREF Investment Management LLC lowered its position in shares of MetLife (NYSE:MET) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,006,628 shares of the financial services provider’s stock after selling 169,661 shares during the period. TIAA CREF Investment Management LLC owned about 0.29% of MetLife worth $152,015,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Cowen Prime Services LLC grew its holdings in shares of MetLife by 16.0% during the 3rd quarter. Cowen Prime Services LLC now owns 7,250 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 1,000 shares during the period. Investment Centers of America Inc. lifted its position in MetLife by 11.6% in the 3rd quarter. Investment Centers of America Inc. now owns 9,874 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 1,026 shares in the last quarter. Zions Bancorporation lifted its holdings in shares of MetLife by 15.9% during the 3rd quarter. Zions Bancorporation now owns 7,599 shares of the financial services provider’s stock valued at $395,000 after buying an additional 1,045 shares during the period. CLS Investments LLC lifted its holdings in shares of MetLife by 18.7% during the 3rd quarter. CLS Investments LLC now owns 6,792 shares of the financial services provider’s stock valued at $353,000 after buying an additional 1,072 shares during the period. Finally, Jolley Asset Management LLC lifted its holdings in shares of MetLife by 1.4% during the 4th quarter. Jolley Asset Management LLC now owns 76,446 shares of the financial services provider’s stock valued at $3,865,000 after buying an additional 1,085 shares during the period. 77.69% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on MET shares. Zacks Investment Research cut MetLife from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Wells Fargo set a $62.00 price target on MetLife and gave the stock a “buy” rating in a research note on Thursday, December 14th. Deutsche Bank initiated coverage on MetLife in a research report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective for the company. Goldman Sachs reiterated a “buy” rating on shares of MetLife in a research report on Wednesday, January 31st. Finally, ValuEngine lowered MetLife from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $56.75.
Shares of MetLife stock traded down $0.76 during trading hours on Friday, reaching $45.27. The stock had a trading volume of 8,637,080 shares, compared to its average volume of 5,954,277. MetLife has a twelve month low of $43.38 and a twelve month high of $55.91. 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 company has a market cap of $47,716.68, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 0.75 and a beta of 1.24.
MetLife (NYSE:MET) last released its quarterly earnings results 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 return on equity of 8.59% and a net margin of 5.69%. The company had revenue of $15.79 billion for the quarter, compared to analyst estimates of $15.89 billion. During the same quarter last year, the company earned $1.28 EPS. equities research analysts forecast that MetLife will post 4.91 EPS for the current year.
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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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