NWQ Investment Management Company LLC lessened its stake in MetLife, Inc. (NYSE:MET) by 17.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,077,174 shares of the financial services provider’s stock after selling 227,720 shares during the period. NWQ Investment Management Company LLC owned approximately 0.10% of MetLife worth $55,959,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. grew its position in MetLife by 0.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 38 shares during the period. Forward Management LLC grew its position in MetLife by 0.4% in the 2nd quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 41 shares during the period. Aspen Investment Management Inc grew its position in shares of MetLife by 0.7% during the 2nd quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 50 shares during the period. Atria Investments LLC grew its position in shares of MetLife by 0.4% during the 2nd quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock valued at $1,043,000 after acquiring an additional 72 shares during the period. Finally, Apriem Advisors grew its position in shares of MetLife by 0.6% during the 2nd quarter. Apriem Advisors now owns 13,060 shares of the financial services provider’s stock valued at $718,000 after acquiring an additional 74 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of MetLife in a research report on Wednesday, October 18th. They set a “conviction-buy” rating and a $61.00 price objective for the company. Langen Mcalenn reissued a “buy” rating on shares of MetLife in a research report on Wednesday, August 16th. B. Riley reissued a “neutral” rating on shares of MetLife in a research report on Monday, November 6th. BidaskClub raised shares of MetLife from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of MetLife from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.40.
MetLife, Inc. (NYSE MET) traded down $0.58 on Wednesday, hitting $53.04. 4,131,200 shares of the company were exchanged, compared to its average volume of 5,738,007. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a 52 week low of $44.26 and a 52 week high of $55.91. The stock has a market cap of $56,424.27, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.49.
MetLife (NYSE:MET) last released its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. MetLife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter in the previous year, the company earned $1.28 EPS. MetLife’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts anticipate that MetLife, Inc. will post 4.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, November 3rd. MetLife’s dividend payout ratio (DPR) is -320.00%.
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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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