LS Investment Advisors LLC Has $1.99 Million Stake in MetLife, Inc. (MET)
LS Investment Advisors LLC boosted its stake in MetLife, Inc. (NYSE:MET) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,184 shares of the financial services provider’s stock after buying an additional 1,098 shares during the period. LS Investment Advisors LLC’s holdings in MetLife were worth $1,988,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC purchased a new position in MetLife during the first quarter valued at about $107,000. First Personal Financial Services boosted its position in MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after buying an additional 266 shares in the last quarter. Westside Investment Management Inc. boosted its position in MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after buying an additional 2,300 shares in the last quarter. Parallel Advisors LLC boosted its position in MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after buying an additional 924 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new position in MetLife during the first quarter valued at about $149,000. 74.51% of the stock is owned by hedge funds and other institutional investors.
MetLife, Inc. (NYSE:MET) opened at 54.65 on Friday. The stock’s 50 day moving average is $53.79 and its 200-day moving average is $53.02. The stock’s market capitalization is $58.80 billion. MetLife, Inc. has a 52 week low of $38.87 and a 52 week high of $58.09.
MetLife (NYSE:MET) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.19. MetLife had a negative net margin of 0.95% and a positive return on equity of 7.57%. The business had revenue of $16.27 billion for the quarter, compared to the consensus estimate of $17.02 billion. During the same period in the previous year, the firm earned $1.20 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. Equities research analysts forecast that MetLife, Inc. will post $5.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.93%. MetLife’s payout ratio is currently -258.06%.
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Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $62.00 price target on shares of MetLife in a report on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a report on Saturday, July 1st. BidaskClub raised shares of MetLife from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Citigroup Inc. set a $51.00 target price on shares of MetLife and gave the company a “sell” rating in a report on Friday, July 7th. Finally, Zacks Investment Research cut shares of MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.03.
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; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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