MetLife Inc. (MET) Position Maintained by Huntington National Bank
Huntington National Bank held its stake in MetLife Inc. (NYSE:MET) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 215,208 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in MetLife were worth $10,879,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in MET. Manchester Capital Management LLC raised its stake in MetLife by 0.3% in the second quarter. Manchester Capital Management LLC now owns 2,891 shares of the company’s stock valued at $115,000 after buying an additional 9 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in MetLife by 21.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,355 shares of the company’s stock valued at $134,000 after buying an additional 595 shares in the last quarter. Fulton Bank N.A. bought a new stake in MetLife during the second quarter valued at $219,000. Windward Capital Management Co. CA raised its stake in MetLife by 5.9% in the second quarter. Windward Capital Management Co. CA now owns 5,738 shares of the company’s stock valued at $229,000 after buying an additional 320 shares in the last quarter. Finally, Osborn Rohs Williams & Donohoe Ltd raised its stake in MetLife by 15.2% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 6,053 shares of the company’s stock valued at $241,000 after buying an additional 800 shares in the last quarter. Institutional investors own 75.15% of the company’s stock.
MetLife Inc. (NYSE:MET) traded up 0.14% during midday trading on Tuesday, reaching $44.01. 4,814,485 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $42.10 and its 200-day moving average price is $42.96. The stock has a market cap of $48.36 billion, a PE ratio of 11.57 and a beta of 1.87. MetLife Inc. has a one year low of $35.00 and a one year high of $52.45.
MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by $0.52. The firm earned $17 billion during the quarter, compared to the consensus estimate of $17.35 billion. MetLife had a return on equity of 6.18% and a net margin of 6.49%. MetLife’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.56 EPS. Equities analysts predict that MetLife Inc. will post $4.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Monday, August 8th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.60 dividend on an annualized basis and a yield of 3.64%. MetLife’s dividend payout ratio (DPR) is 42.11%.
Several analysts have recently weighed in on MET shares. Argus reiterated a “buy” rating on shares of MetLife in a research note on Monday, June 6th. Evercore ISI started coverage on shares of MetLife in a research note on Wednesday, July 6th. They set a “buy” rating and a $52.00 price target for the company. JPMorgan Chase & Co. restated a “buy” rating and set a $51.00 price target on shares of MetLife in a research note on Wednesday, July 6th. Sandler O’Neill upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research note on Monday, June 27th. Finally, Zacks Investment Research upgraded shares of MetLife from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. MetLife currently has an average rating of “Buy” and a consensus target price of $52.45.
In other news, EVP Maria R. Morris sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $42.96, for a total transaction of $85,920.00. Following the completion of the transaction, the executive vice president now directly owns 109,273 shares in the company, valued at $4,694,368.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.
MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).
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