Retirement Systems of Alabama increased its stake in shares of MetLife Inc. (NYSE:MET) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 560,112 shares of the company’s stock after buying an additional 398 shares during the period. Retirement Systems of Alabama’s holdings in MetLife were worth $22,309,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its position in MetLife by 24.9% in the first quarter. Acadian Asset Management LLC now owns 13,471 shares of the company’s stock valued at $592,000 after buying an additional 2,682 shares in the last quarter. Hills Bank & Trust Co. boosted its stake in shares of MetLife by 139.9% in the first quarter. Hills Bank & Trust Co. now owns 13,758 shares of the company’s stock worth $605,000 after buying an additional 8,023 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of MetLife during the first quarter worth about $913,000. Virginia Retirement System acquired a new stake in shares of MetLife during the first quarter worth about $11,214,000. Finally, BTC Capital Management Inc. boosted its stake in shares of MetLife by 8.7% in the first quarter. BTC Capital Management Inc. now owns 54,559 shares of the company’s stock worth $2,400,000 after buying an additional 4,346 shares in the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.
MetLife Inc. (NYSE:MET) traded up 0.81% during mid-day trading on Tuesday, reaching $43.75. 5,914,029 shares of the company were exchanged. The company’s 50 day moving average price is $42.47 and its 200-day moving average price is $43.02. MetLife Inc. has a 12-month low of $35.00 and a 12-month high of $52.45. The stock has a market capitalization of $48.08 billion, a price-to-earnings ratio of 11.50 and a beta of 1.87.
MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.35 by $0.52. MetLife had a return on equity of 6.18% and a net margin of 6.49%. The business earned $17 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter last year, the firm earned $1.56 EPS. MetLife’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that MetLife Inc. will post $4.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Monday, August 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, August 4th. MetLife’s dividend payout ratio (DPR) is 42.11%.
A number of equities research analysts recently issued reports on MET shares. Wells Fargo & Co. reiterated an “outperform” rating on shares of MetLife in a report on Friday. Sandler O’Neill upgraded shares of MetLife from a “hold” rating to a “buy” rating in a report on Monday, June 27th. TheStreet cut shares of MetLife from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Argus reiterated a “buy” rating and issued a $54.00 price objective on shares of MetLife in a report on Wednesday, September 7th. Finally, FBR & Co upped their price objective on shares of MetLife from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 29th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. MetLife currently has a consensus rating of “Buy” and an average target price of $52.45.
In other MetLife news, EVP Maria R. Morris sold 2,000 shares of MetLife stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $42.96, for a total value of $85,920.00. Following the completion of the sale, the executive vice president now owns 109,273 shares in the company, valued at approximately $4,694,368.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by company insiders.
MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).
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