Tocqueville Asset Management L.P. boosted its position in shares of Metlife Inc (NYSE:MET) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 423,944 shares of the financial services provider’s stock after acquiring an additional 43,621 shares during the period. Tocqueville Asset Management L.P.’s holdings in Metlife were worth $21,435,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MET. Epoch Investment Partners Inc. grew its holdings in Metlife by 208.5% during the 3rd quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock worth $534,623,000 after acquiring an additional 6,954,917 shares in the last quarter. BlackRock Inc. grew its holdings in Metlife by 1.5% during the 4th quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock worth $3,700,792,000 after acquiring an additional 1,097,982 shares in the last quarter. TD Asset Management Inc. grew its holdings in Metlife by 20.5% during the 3rd quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock worth $325,671,000 after acquiring an additional 1,067,700 shares in the last quarter. Alps Advisors Inc. grew its holdings in Metlife by 9,943.0% during the 4th quarter. Alps Advisors Inc. now owns 907,988 shares of the financial services provider’s stock worth $45,908,000 after acquiring an additional 898,947 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Metlife by 58.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,178,614 shares of the financial services provider’s stock worth $113,655,000 after acquiring an additional 806,800 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.
MET has been the subject of several analyst reports. Wells Fargo & Co lowered their price target on shares of Metlife from $61.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Deutsche Bank began coverage on shares of Metlife in a report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price for the company. Zacks Investment Research cut shares of Metlife from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Goldman Sachs Group restated a “buy” rating on shares of Metlife in a report on Wednesday, January 31st. Finally, ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $57.90.
Metlife Inc (MET) traded down $0.19 during mid-day trading on Wednesday, reaching $46.91. 6,474,344 shares of the company traded hands, compared to its average volume of 9,250,000. Metlife Inc has a 1 year low of $43.38 and a 1 year high of $55.91. The stock has a market cap of $49,360.00, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.15 and a current ratio of 0.15.
Metlife (NYSE:MET) last released its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41). Metlife had a net margin of 5.69% and a return on equity of 8.59%. The business had revenue of $15.79 billion during the quarter, compared to analysts’ expectations of $15.89 billion. During the same quarter last year, the company earned $1.28 EPS. research analysts anticipate that Metlife Inc will post 4.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.60 annualized dividend and a yield of 3.41%. Metlife’s dividend payout ratio (DPR) is 37.12%.
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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