Capital World Investors Buys 3,069 Shares of MetLife, Inc. (MET)

Capital World Investors lifted its stake in shares of MetLife, Inc. (NYSE:MET) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 420,416 shares of the financial services provider’s stock after purchasing an additional 3,069 shares during the period. Capital World Investors’ holdings in MetLife were worth $23,098,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of MetLife by 0.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 38 shares during the last quarter. Forward Management LLC lifted its holdings in MetLife by 0.4% in the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 41 shares during the last quarter. Peoples Bank OH lifted its holdings in MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 50 shares during the last quarter. Atria Investments LLC lifted its holdings in MetLife by 0.4% in the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock valued at $1,043,000 after acquiring an additional 72 shares during the last quarter. Finally, Apriem Advisors lifted its holdings in MetLife by 0.6% in the second quarter. Apriem Advisors now owns 13,060 shares of the financial services provider’s stock valued at $718,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/09/capital-world-investors-buys-3069-shares-of-metlife-inc-met.html.

Shares of MetLife, Inc. (NYSE:MET) opened at 53.02 on Monday. The stock’s 50 day moving average price is $49.14 and its 200-day moving average price is $47.66. The stock has a market cap of $56.35 billion, a price-to-earnings ratio of 623.76 and a beta of 1.47. MetLife, Inc. has a 52-week low of $40.53 and a 52-week high of $53.27.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. On average, analysts predict that MetLife, Inc. will post $4.71 earnings per share for the current fiscal year.

A number of research firms recently commented on MET. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Langen Mcalenn reiterated a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. J P Morgan Chase & Co began coverage on MetLife in a report on Monday, July 24th. They issued a “hold” rating and a $78.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 price objective on shares of MetLife in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $59.00 price objective on shares of MetLife in

Several other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of MetLife by 0.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 38 shares during the last quarter. Forward Management LLC lifted its holdings in MetLife by 0.4% in the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 41 shares during the last quarter. Peoples Bank OH lifted its holdings in MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 50 shares during the last quarter. Atria Investments LLC lifted its holdings in MetLife by 0.4% in the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock valued at $1,043,000 after acquiring an additional 72 shares during the last quarter. Finally, Apriem Advisors lifted its holdings in MetLife by 0.6% in the second quarter. Apriem Advisors now owns 13,060 shares of the financial services provider’s stock valued at $718,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/09/capital-world-investors-buys-3069-shares-of-metlife-inc-met.html.

Shares of MetLife, Inc. (NYSE:MET) opened at 53.02 on Monday. The stock’s 50 day moving average price is $49.14 and its 200-day moving average price is $47.66. The stock has a market cap of $56.35 billion, a price-to-earnings ratio of 623.76 and a beta of 1.47. MetLife, Inc. has a 52-week low of $40.53 and a 52-week high of $53.27.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. On average, analysts predict that MetLife, Inc. will post $4.71 earnings per share for the current fiscal year.

A number of research firms recently commented on MET. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Langen Mcalenn reiterated a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. J P Morgan Chase & Co began coverage on MetLife in a report on Monday, July 24th. They issued a “hold” rating and a $78.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 price objective on shares of MetLife in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $59.00 price objective on shares of MetLife in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. MetLife currently has a consensus rating of “Hold” and an average target price of $57.45.

MetLife 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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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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