Oddo BHF Asset Management Sas increased its holdings in shares of MetLife, Inc. (NYSE:MET – Free Report) by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,333 shares of the financial services provider’s stock after acquiring an additional 17,081 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in MetLife were worth $6,026,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its holdings in MetLife by 205.8% during the fourth quarter. Activest Wealth Management now owns 315 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 212 shares during the period. Vermillion & White Wealth Management Group LLC raised its stake in shares of MetLife by 790.0% in the third quarter. Vermillion & White Wealth Management Group LLC now owns 356 shares of the financial services provider’s stock valued at $29,000 after buying an additional 316 shares during the period. Sound Income Strategies LLC raised its stake in shares of MetLife by 58.9% in the fourth quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock valued at $29,000 after buying an additional 142 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in shares of MetLife in the third quarter valued at $32,000. Finally, Albion Financial Group UT bought a new stake in shares of MetLife in the fourth quarter valued at $32,000. 94.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on MET. Weiss Ratings upgraded MetLife from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Mizuho set a $95.00 price target on MetLife in a research report on Friday, May 8th. Piper Sandler raised their target price on MetLife from $81.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Wells Fargo & Company raised their target price on MetLife from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Morgan Stanley lifted their target price on MetLife from $89.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MetLife currently has an average rating of “Moderate Buy” and a consensus price target of $95.31.
MetLife Price Performance
Shares of NYSE MET opened at $87.66 on Tuesday. The firm has a market capitalization of $56.40 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.67 and a beta of 0.78. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. The stock’s 50-day simple moving average is $79.88 and its two-hundred day simple moving average is $77.50. MetLife, Inc. has a twelve month low of $67.33 and a twelve month high of $89.62.
MetLife (NYSE:MET – Get Free Report) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $19.49 billion. MetLife had a return on equity of 22.60% and a net margin of 4.66%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. As a group, equities analysts anticipate that MetLife, Inc. will post 9.98 EPS for the current fiscal year.
MetLife Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 12th were paid a $0.5925 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.37 dividend on an annualized basis and a yield of 2.7%. This is an increase from MetLife’s previous quarterly dividend of $0.57. MetLife’s dividend payout ratio is currently 45.93%.
MetLife Profile
MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.
In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.
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