Dai Ichi Life Insurance Company Ltd boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 49.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,168 shares of the financial services provider’s stock after acquiring an additional 46,175 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in MetLife were worth $7,701,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of MET. First Personal Financial Services increased its stake in MetLife by 11.5% during the 1st quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 266 shares in the last quarter. Westside Investment Management Inc. increased its stake in MetLife by 583.8% during the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 2,300 shares in the last quarter. Parallel Advisors LLC increased its stake in MetLife by 50.7% during the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 924 shares in the last quarter. CI Investments Inc. bought a new stake in MetLife during the 1st quarter valued at about $158,000. Finally, First Mercantile Trust Co. increased its stake in MetLife by 3.4% during the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 97 shares in the last quarter. 74.14% of the stock is owned by institutional investors.
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A number of research firms have weighed in on MET. Royal Bank Of Canada restated a “buy” rating and set a $56.00 price objective on shares of MetLife in a research note on Wednesday, September 6th. UBS AG restated a “neutral” rating and set a $49.00 price objective (down from $57.00) on shares of MetLife in a research note on Friday, September 1st. FBR & Co restated a “buy” rating and set a $53.00 price objective on shares of MetLife in a research note on Tuesday, August 29th. Credit Suisse Group restated a “neutral” rating and set a $53.00 price objective (down from $64.00) on shares of MetLife in a research note on Monday, August 28th. Finally, ValuEngine lowered shares of MetLife from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $57.95.
MetLife, Inc. (NYSE:MET) opened at 50.54 on Friday. The stock has a market cap of $53.72 billion, a P/E ratio of 594.59 and a beta of 1.44. The company has a 50 day moving average of $47.80 and a 200-day moving average of $47.30. MetLife, Inc. has a 12-month low of $38.17 and a 12-month high of $51.77.
MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. Equities analysts forecast that MetLife, Inc. will post $4.77 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.17%. MetLife’s payout ratio is 1,777.98%.
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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