Cubist Systematic Strategies LLC grew its stake in MetLife, Inc. (NYSE:MET) by 4,138.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,666 shares of the financial services provider’s stock after purchasing an additional 24,084 shares during the period. Cubist Systematic Strategies LLC’s holdings in MetLife were worth $1,355,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its position in MetLife by 2.2% in the 2nd quarter. BlackRock Inc. now owns 69,957,359 shares of the financial services provider’s stock worth $3,843,457,000 after purchasing an additional 1,481,489 shares during the last quarter. Vanguard Group Inc. grew its position in MetLife by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 66,723,143 shares of the financial services provider’s stock worth $3,665,769,000 after purchasing an additional 1,358,523 shares during the last quarter. State Street Corp grew its position in MetLife by 1.4% in the 1st quarter. State Street Corp now owns 49,020,964 shares of the financial services provider’s stock worth $2,589,297,000 after purchasing an additional 680,903 shares during the last quarter. Franklin Resources Inc. grew its position in MetLife by 1.6% in the 2nd quarter. Franklin Resources Inc. now owns 25,704,204 shares of the financial services provider’s stock worth $1,412,189,000 after purchasing an additional 414,032 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in MetLife by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 10,265,096 shares of the financial services provider’s stock worth $541,427,000 after purchasing an additional 664,918 shares during the last quarter. Institutional investors own 74.25% of the company’s stock.
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Several analysts have issued reports on the stock. BidaskClub upgraded shares of MetLife from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine lowered shares of MetLife from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of MetLife from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a research report on Saturday, July 1st. Finally, FBR & Co lowered shares of MetLife from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $53.00 to $52.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. MetLife presently has a consensus rating of “Hold” and a consensus target price of $57.38.
Shares of MetLife, Inc. (NYSE MET) traded up 0.06% during trading on Thursday, reaching $52.88. 388,547 shares of the company traded hands. The stock has a market capitalization of $56.20 billion, a PE ratio of 622.12 and a beta of 1.47. The company has a 50-day moving average of $49.66 and a 200-day moving average of $47.81. MetLife, Inc. has a 12 month low of $40.53 and a 12 month high of $53.30.
MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $17.39 billion for 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. Analysts forecast that MetLife, Inc. will post $4.62 earnings per share for the current fiscal year.
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, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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