HighPoint Advisor Group LLC Has $804,000 Stake in MetLife, Inc. (MET)

HighPoint Advisor Group LLC maintained its stake in shares of MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,904 shares of the financial services provider’s stock at the close of the second quarter. HighPoint Advisor Group LLC’s holdings in MetLife were worth $804,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. increased its holdings in shares of MetLife by 583.8% during 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 increased its holdings in shares of MetLife by 50.7% during 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. First Mercantile Trust Co. increased its holdings in shares of MetLife by 3.4% during the second quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock worth $161,000 after buying an additional 97 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of MetLife by 5.8% during the second quarter. Carroll Financial Associates Inc. now owns 3,013 shares of the financial services provider’s stock worth $165,000 after buying an additional 166 shares in the last quarter. Finally, Rational Advisors LLC increased its holdings in shares of MetLife by 14.3% during the first quarter. Rational Advisors LLC now owns 3,325 shares of the financial services provider’s stock worth $176,000 after buying an additional 415 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.

MET has been the subject of several research analyst reports. TheStreet downgraded shares of MetLife from a “b-” rating to a “c+” rating in a report on Monday, August 21st. BidaskClub downgraded shares of MetLife from a “hold” rating to a “sell” rating in a report on Monday, July 24th. ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reiterated an “outperform” rating and set a $63.00 price target (up from $61.00) on shares of MetLife in a report on Wednesday, July 12th. Finally, UBS AG reiterated a “neutral” rating and set a $49.00 price target (down from $57.00) on shares of MetLife in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $57.38.

Shares of MetLife, Inc. (NYSE MET) traded up 0.17% during mid-day trading on Friday, reaching $52.82. 1,004,133 shares of the company’s stock were exchanged. MetLife, Inc. has a one year low of $40.30 and a one year high of $53.30. The stock has a market cap of $56.14 billion, a PE ratio of 621.41 and a beta of 1.47. The company has a 50 day moving average price of $49.82 and a 200-day moving average price of $47.85.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The firm had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that MetLife, Inc. will post $4.62 EPS for the current year.

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MetLife 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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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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