Liberty Mutual Group Asset Management Inc. lowered its position in shares of MetLife, Inc. (NYSE:MET) by 26.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,786 shares of the financial services provider’s stock after selling 21,841 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in MetLife were worth $3,211,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Lincluden Management Ltd. raised its stake in shares of MetLife by 3.0% in the fourth quarter. Lincluden Management Ltd. now owns 197,506 shares of the financial services provider’s stock worth $10,644,000 after buying an additional 5,709 shares during the period. Wealthfront Inc. raised its position in MetLife by 26.7% in the fourth quarter. Wealthfront Inc. now owns 45,241 shares of the financial services provider’s stock worth $2,438,000 after buying an additional 9,533 shares during the period. RMB Capital Management LLC acquired a new position in MetLife during the fourth quarter worth $1,479,000. UBS Asset Management Americas Inc. raised its position in MetLife by 3.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,148,498 shares of the financial services provider’s stock worth $223,563,000 after buying an additional 140,341 shares during the period. Finally, Whalerock Point Partners LLC acquired a new position in MetLife during the fourth quarter worth $250,000. 74.83% of the stock is owned by institutional investors and hedge funds.
Shares of MetLife, Inc. (MET) opened at 46.81 on Friday. The stock has a market cap of $49.75 billion, a price-to-earnings ratio of 550.71 and a beta of 1.46. The company has a 50-day moving average price of $49.46 and a 200-day moving average price of $51.76. MetLife, Inc. has a 12 month low of $39.99 and a 12 month high of $51.77.
MetLife (NYSE:MET) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. During the same period last year, the business posted $0.83 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, analysts expect that MetLife, Inc. will post $4.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.42%. MetLife’s dividend payout ratio (DPR) is currently 1,777.98%.
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MET has been the subject of several recent analyst reports. Citigroup Inc. set a $51.00 price objective on shares of MetLife and gave the stock a “sell” rating in a research note on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 target price on shares of MetLife in a research report on Wednesday, July 12th. Wells Fargo & Company reiterated an “outperform” rating and set a $63.00 target price (up from $61.00) on shares of MetLife in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $59.00 target price on shares of MetLife in a research report on Thursday, August 3rd. Finally, TheStreet upgraded MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. MetLife currently has an average rating of “Hold” and a consensus price target of $59.17.
MetLife Company Profile
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; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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