Airain ltd lowered its stake in shares of MetLife, Inc. (NYSE:MET) by 66.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,914 shares of the financial services provider’s stock after selling 189,189 shares during the quarter. Airain ltd’s holdings in MetLife were worth $5,324,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in MET. Signature Estate & Investment Advisors LLC acquired a new stake in MetLife during the first quarter worth approximately $107,000. First Personal Financial Services increased its holdings in shares of MetLife by 11.5% in the 1st quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 266 shares during the period. Westside Investment Management Inc. increased its holdings in shares of MetLife by 583.8% in the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 2,300 shares during the period. Parallel Advisors LLC increased its holdings in shares of MetLife by 50.7% in the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 924 shares during the period. Finally, CI Investments Inc. acquired a new position in shares of MetLife in the 1st quarter valued at $158,000. 74.24% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on MET. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $56.00 target price on shares of MetLife in a report on Wednesday, September 6th. UBS AG reaffirmed a “neutral” rating and issued a $49.00 target price (down from $57.00) on shares of MetLife in a report on Friday, September 1st. FBR & Co reaffirmed a “buy” rating and issued a $53.00 target price on shares of MetLife in a report on Tuesday, August 29th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $53.00 target price (down from $64.00) on shares of MetLife in a report on Monday, August 28th. Finally, ValuEngine cut shares of MetLife from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. MetLife has an average rating of “Hold” and an average price target of $57.95.
Shares of MetLife, Inc. (NYSE MET) opened at 48.50 on Wednesday. The company has a 50 day moving average of $47.86 and a 200 day moving average of $47.25. The stock has a market capitalization of $51.55 billion, a price-to-earnings ratio of 570.59 and a beta of 1.44. MetLife, Inc. has a 52-week low of $38.17 and a 52-week high of $51.77.
MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The firm had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.11 billion. During the same period last year, the company posted $0.83 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts predict that MetLife, Inc. will post $4.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th 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 3.30%. The ex-dividend date of this dividend is Thursday, August 3rd. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.
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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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