SPF Beheer BV reduced its position in shares of MetLife (NYSE:MET) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,308,072 shares of the financial services provider’s stock after selling 26,842 shares during the period. MetLife comprises 2.7% of SPF Beheer BV’s investment portfolio, making the stock its 26th largest holding. SPF Beheer BV owned approximately 0.13% of MetLife worth $66,136,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MET. First Dallas Securities Inc. bought a new stake in shares of MetLife during the fourth quarter worth about $111,000. Ffcm LLC grew its holdings in shares of MetLife by 2,020.8% during the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,142 shares during the last quarter. Sandy Spring Bank grew its holdings in shares of MetLife by 495.2% during the fourth quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,976 shares during the last quarter. Avestar Capital LLC bought a new stake in shares of MetLife during the fourth quarter worth about $135,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of MetLife during the third quarter worth about $151,000. Institutional investors own 77.64% of the company’s stock.
MET has been the topic of several research reports. Zacks Investment Research cut MetLife from a “buy” rating to a “hold” rating in a report on Monday, December 18th. UBS restated a “neutral” rating and set a $51.00 price target (down from $52.00) on shares of MetLife in a report on Friday, March 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $56.00 price target on shares of MetLife in a report on Friday, February 23rd. Deutsche Bank initiated coverage on MetLife in a report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price target on the stock. Finally, Wells Fargo reduced their price target on MetLife from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.90.
Shares of MetLife stock opened at $46.50 on Thursday. MetLife has a twelve month low of $43.38 and a twelve month high of $55.91. The company has a market capitalization of $48,929.55, a P/E ratio of 9.52, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.29.
MetLife (NYSE:MET) last announced its earnings results on Tuesday, February 13th. The financial services provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.41). The company had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. MetLife had a net margin of 5.69% and a return on equity of 8.59%. During the same quarter in the previous year, the company earned $1.28 earnings per share. equities analysts predict that MetLife will post 4.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Friday, February 2nd. MetLife’s payout ratio is 46.92%.
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MetLife, Inc, through its subsidiaries, engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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