Liberty Mutual Group Asset Management Inc. decreased its holdings in Metlife Inc (NYSE:MET) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,362 shares of the financial services provider’s stock after selling 1,391 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in Metlife were worth $2,142,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of MET. Epoch Investment Partners Inc. raised its position in Metlife by 208.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock valued at $534,623,000 after purchasing an additional 6,954,917 shares during the last quarter. BlackRock Inc. increased its stake in shares of Metlife by 1.5% in the 4th quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock valued at $3,700,792,000 after buying an additional 1,097,982 shares during the period. TD Asset Management Inc. increased its stake in shares of Metlife by 20.5% in the 3rd quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock valued at $325,671,000 after buying an additional 1,067,700 shares during the period. Alps Advisors Inc. increased its stake in shares of Metlife by 9,943.0% in the 4th quarter. Alps Advisors Inc. now owns 907,988 shares of the financial services provider’s stock valued at $45,908,000 after buying an additional 898,947 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Metlife by 58.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,178,614 shares of the financial services provider’s stock valued at $113,655,000 after buying an additional 806,800 shares during the period. Hedge funds and other institutional investors own 76.25% of the company’s stock.
MET has been the subject of a number of analyst reports. Argus lifted their price objective on Metlife from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. ValuEngine cut Metlife from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Metlife from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Thursday, November 9th. Wells Fargo & Co set a $62.00 price objective on Metlife and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Metlife in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. Metlife has a consensus rating of “Hold” and an average target price 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). The business had revenue of $15.79 billion during the quarter, compared to analyst estimates 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 posted $1.28 earnings per share. equities research analysts predict that Metlife Inc will post 4.93 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.37%. Metlife’s dividend payout ratio (DPR) is 46.92%.
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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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