Mn Services Vermogensbeheer B.V. raised its stake in MetLife, Inc. (NYSE:MET) by 515.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,375 shares of the financial services provider’s stock after buying an additional 128,459 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in MetLife were worth $8,426,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in MET. Teacher Retirement System of Texas increased its stake in shares of MetLife by 7.2% in the first quarter. Teacher Retirement System of Texas now owns 822,785 shares of the financial services provider’s stock valued at $43,460,000 after buying an additional 55,508 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of MetLife by 1.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 469,645 shares of the financial services provider’s stock valued at $24,807,000 after buying an additional 6,188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MetLife by 4.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 393,208 shares of the financial services provider’s stock valued at $20,769,000 after buying an additional 15,716 shares during the period. Brick & Kyle Associates increased its stake in shares of MetLife by 12.9% in the first quarter. Brick & Kyle Associates now owns 8,299 shares of the financial services provider’s stock valued at $438,000 after buying an additional 950 shares during the period. Finally, ING Groep NV increased its stake in shares of MetLife by 232.3% in the first quarter. ING Groep NV now owns 55,477 shares of the financial services provider’s stock valued at $2,930,000 after buying an additional 38,780 shares during the period. Institutional investors own 75.61% of the company’s stock.
Shares of MetLife, Inc. (NYSE:MET) traded up 0.351% during midday trading on Friday, hitting $47.115. The company’s stock had a trading volume of 3,001,481 shares. MetLife, Inc. has a 52-week low of $40.07 and a 52-week high of $58.09. The stock’s 50 day moving average is $48.83 and its 200-day moving average is $51.53. The firm has a market cap of $50.08 billion, a P/E ratio of 554.294 and a beta of 1.46.
MetLife (NYSE:MET) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Equities analysts predict that MetLife, Inc. will post $4.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.41%. MetLife’s dividend payout ratio is presently 1,777.98%.
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MET has been the subject of several recent research reports. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. BidaskClub cut MetLife from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $63.00 price objective (up from $61.00) on shares of MetLife in a research report on Wednesday, July 12th. FBR & Co raised MetLife from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $54.00 to $58.00 in a research report on Thursday, May 25th. Finally, Zacks Investment Research raised MetLife from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $59.17.
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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