Rockefeller Financial Services Inc. Continues to Hold Position in MetLife, Inc. (MET)

Rockefeller Financial Services Inc. maintained its stake in MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,823 shares of the financial services provider’s stock at the end of the second quarter. Rockefeller Financial Services Inc.’s holdings in MetLife were worth $704,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of MetLife by 3,323.3% in the first quarter. BlackRock Inc. now owns 68,475,870 shares of the financial services provider’s stock valued at $3,616,895,000 after buying an additional 66,475,603 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of MetLife by 3.0% in the first quarter. Vanguard Group Inc. now owns 65,364,620 shares of the financial services provider’s stock valued at $3,452,559,000 after buying an additional 1,885,246 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of MetLife during the first quarter valued at approximately $82,954,000. APG Asset Management N.V. boosted its stake in shares of MetLife by 53.8% in the first quarter. APG Asset Management N.V. now owns 3,902,274 shares of the financial services provider’s stock valued at $206,118,000 after buying an additional 1,365,018 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in MetLife by 115.5% in the first quarter. Canada Pension Plan Investment Board now owns 2,367,139 shares of the financial services provider’s stock worth $125,032,000 after buying an additional 1,268,600 shares during the period. Institutional investors and hedge funds own 74.83% of the company’s stock.

Shares of MetLife, Inc. (NYSE:MET) opened at 46.81 on Friday. MetLife, Inc. has a 52-week low of $39.99 and a 52-week high of $51.77. The firm’s 50-day moving average price is $49.46 and its 200-day moving average price is $51.76. The firm has a market capitalization of $49.75 billion, a PE ratio of 550.71 and a beta of 1.46.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. On average, equities analysts predict that MetLife, Inc. will post $4.91 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, August 3rd. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.

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MET has been the topic of a number of recent research reports. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. BidaskClub lowered MetLife from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $63.00 price target (up previously from $61.00) on shares of MetLife in a research note on Wednesday, July 12th. FBR & Co raised MetLife from a “market perform” rating to an “outperform” rating and upped their price target for the company from $54.00 to $58.00 in a research note on Thursday, May 25th. Finally, Zacks Investment Research raised MetLife from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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