SPC Financial Inc. held its position in MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,017 shares of the financial services provider’s stock at the end of the second quarter. SPC Financial Inc.’s holdings in MetLife were worth $276,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new position in MetLife during the first quarter worth $107,000. First Personal Financial Services boosted its stake in shares of MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,300 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in shares of MetLife during the first quarter worth about $149,000. 74.83% of the stock is currently owned by institutional investors and hedge funds.
MetLife, Inc. (MET) traded down 0.06% during midday trading on Friday, reaching $46.71. 3,065,885 shares of the company’s stock were exchanged. The company has a market cap of $49.65 billion, a price-to-earnings ratio of 549.53 and a beta of 1.46. The firm has a 50-day moving average price of $48.79 and a 200 day moving average price of $47.32. MetLife, Inc. has a 52 week low of $35.21 and a 52 week high of $51.77.
MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.02. The firm had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. Analysts anticipate that MetLife, Inc. will post $4.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, August 3rd. MetLife’s dividend payout ratio is currently 1,777.98%.
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A number of brokerages recently issued reports on MET. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a report on Monday. BidaskClub upgraded shares of MetLife from a “sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $59.00 price objective on shares of MetLife in a report on Thursday, August 3rd. Zacks Investment Research cut shares of MetLife from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, TheStreet upgraded shares of MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. MetLife currently has an average rating of “Hold” and an average 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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