Baird Financial Group Inc. boosted its position in shares of Metlife Inc (NYSE:MET) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,805 shares of the financial services provider’s stock after acquiring an additional 3,128 shares during the period. Baird Financial Group Inc.’s holdings in Metlife were worth $5,956,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. First Dallas Securities Inc. acquired a new position in Metlife during the 4th quarter worth $111,000. Ffcm LLC lifted its position in Metlife by 2,020.8% during the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 2,142 shares during the last quarter. Sandy Spring Bank lifted its position in Metlife by 495.2% during the 4th quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 1,976 shares during the last quarter. Cable Hill Partners LLC lifted its position in Metlife by 246.6% during the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 1,716 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in Metlife during the 3rd quarter worth $151,000. 76.25% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on MET. Keefe, Bruyette & Woods reissued a “buy” rating and set a $56.00 target price on shares of Metlife in a research report on Friday. Morgan Stanley dropped their price objective on shares of Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 14th. Wells Fargo & Co set a $60.00 price objective on shares of Metlife and gave the stock a “buy” rating in a report on Tuesday, February 13th. ValuEngine downgraded shares of Metlife from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group restated a “buy” rating on shares of Metlife in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $57.58.
Metlife (NYSE:MET) last posted its earnings results on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.41). The business had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. Metlife had a net margin of 5.69% and a return on equity of 8.62%. During the same period in the previous year, the firm earned $1.28 EPS. equities analysts expect that Metlife Inc will post 4.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.37%. Metlife’s payout ratio is currently 39.41%.
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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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