Wealthsource Partners LLC boosted its stake in MetLife (NYSE:MET) by 29.8% during the fourth quarter, HoldingsChannel reports. The firm owned 5,814 shares of the financial services provider’s stock after buying an additional 1,335 shares during the period. Wealthsource Partners LLC’s holdings in MetLife were worth $294,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in MET. Epoch Investment Partners Inc. raised its stake in MetLife by 208.5% in the third 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 in the last quarter. BlackRock Inc. raised its stake in MetLife by 1.5% in the fourth quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock valued at $3,700,792,000 after purchasing an additional 1,097,982 shares in the last quarter. TD Asset Management Inc. raised its stake in MetLife by 20.5% in the third quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock valued at $325,671,000 after purchasing an additional 1,067,700 shares in the last quarter. Alps Advisors Inc. raised its stake in MetLife by 9,943.0% in the fourth quarter. Alps Advisors Inc. now owns 907,988 shares of the financial services provider’s stock valued at $45,908,000 after purchasing an additional 898,947 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in MetLife by 58.8% in the third 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 purchasing an additional 806,800 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on MET shares. Wells Fargo set a $62.00 target price on shares of MetLife and gave the company a “buy” rating in a research note on Thursday, December 14th. Zacks Investment Research cut shares of MetLife from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Deutsche Bank assumed coverage on shares of MetLife in a research report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price target on the stock. Goldman Sachs reiterated a “buy” rating on shares of MetLife in a research report on Wednesday, January 31st. Finally, ValuEngine cut shares of MetLife from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.90.
MetLife (NYSE:MET) last issued its earnings results on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41). MetLife had a return on equity of 8.59% and a net margin of 5.69%. The firm had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. During the same quarter in the prior year, the business posted $1.28 EPS. research analysts forecast that MetLife will post 4.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, February 2nd. MetLife’s dividend payout ratio is 46.92%.
TRADEMARK VIOLATION WARNING: “MetLife (MET) Position Raised by Wealthsource Partners LLC” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3293651/metlife-met-position-raised-by-wealthsource-partners-llc.html.
MetLife Company Profile
MetLife, Inc, through its subsidiaries, engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MetLife (NYSE:MET).
Receive News & Ratings for MetLife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife and related companies with MarketBeat.com's FREE daily email newsletter.