Gilbert & Cook Inc. Takes Position in MetLife, Inc. (MET)
Gilbert & Cook Inc. bought a new position in MetLife, Inc. (NYSE:MET) during the second quarter, Holdings Channel reports. The institutional investor bought 3,846 shares of the financial services provider’s stock, valued at approximately $211,000.
Several other large investors have also recently bought and sold shares of the company. Atria Investments LLC increased its stake in MetLife by 2.6% in the first quarter. Atria Investments LLC now owns 18,914 shares of the financial services provider’s stock worth $999,000 after buying an additional 488 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in MetLife during the first quarter worth $1,525,000. Tompkins Financial Corp increased its stake in MetLife by 40.8% in the first quarter. Tompkins Financial Corp now owns 7,789 shares of the financial services provider’s stock worth $342,000 after buying an additional 2,258 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in MetLife by 1.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 469,645 shares of the financial services provider’s stock worth $24,807,000 after buying an additional 6,188 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MetLife by 4.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 393,208 shares of the financial services provider’s stock worth $20,769,000 after buying an additional 15,716 shares in the last quarter. 74.83% of the stock is owned by institutional investors.
MetLife, Inc. (MET) traded up 1.16% on Monday, reaching $48.61. The company’s stock had a trading volume of 3,746,314 shares. The stock’s 50 day moving average price is $54.59 and its 200 day moving average price is $53.07. The firm has a market cap of $52.85 billion, a PE ratio of 546.18 and a beta of 1.46. MetLife, Inc. has a 52-week low of $38.87 and a 52-week high of $58.09.
MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. Equities research analysts expect that MetLife, Inc. will post $5.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.97%. MetLife’s dividend payout ratio (DPR) is 1,777.98%.
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MET has been the subject of a number of research reports. Zacks Investment Research raised MetLife from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Tuesday, April 11th. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. BidaskClub downgraded MetLife from a “hold” rating to a “sell” rating in a report on Monday, July 24th. FBR & Co raised MetLife from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $54.00 to $58.00 in a report on Thursday, May 25th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $63.00 target price (up previously from $61.00) on shares of MetLife in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. MetLife has a consensus rating of “Hold” and an average price target of $59.02.
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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