Andra AP fonden lifted its holdings in MetLife, Inc. (NYSE:MET) by 16.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,600 shares of the financial services provider’s stock after buying an additional 8,900 shares during the period. Andra AP fonden’s holdings in MetLife were worth $3,549,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of MetLife by 3,323.3% in the 1st quarter. BlackRock Inc. now owns 68,475,870 shares of the financial services provider’s stock worth $3,616,895,000 after buying an additional 66,475,603 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of MetLife by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 65,364,620 shares of the financial services provider’s stock worth $3,452,559,000 after buying an additional 1,885,246 shares during the last quarter. State Street Corp boosted its stake in shares of MetLife by 1.4% in the 1st quarter. State Street Corp now owns 49,020,964 shares of the financial services provider’s stock worth $2,589,297,000 after buying an additional 680,903 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of MetLife by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 10,265,096 shares of the financial services provider’s stock worth $541,427,000 after buying an additional 664,918 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of MetLife by 5.4% in the 1st quarter. Morgan Stanley now owns 7,946,397 shares of the financial services provider’s stock worth $419,728,000 after buying an additional 404,104 shares during the last quarter. Hedge funds and other institutional investors own 74.24% of the company’s stock.
MET has been the topic of a number of research analyst reports. TheStreet downgraded MetLife from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. BidaskClub downgraded MetLife from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. ValuEngine raised shares of MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $63.00 price target (up previously from $61.00) on shares of MetLife in a report on Wednesday, July 12th. Finally, FBR & Co raised shares of MetLife from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $54.00 to $58.00 in a report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $57.95.
MetLife, Inc. (NYSE:MET) opened at 48.50 on Wednesday. The stock’s 50 day moving average is $47.86 and its 200-day moving average is $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, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The firm had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. Equities research analysts anticipate that MetLife, Inc. will post $4.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.30%. MetLife’s payout ratio is 1,777.98%.
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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