MetLife, Inc. (MET) Position Maintained by Capital Asset Advisory Services LLC
Capital Asset Advisory Services LLC continued to hold its stake in MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,634 shares of the financial services provider’s stock at the end of the second quarter. Capital Asset Advisory Services LLC’s holdings in MetLife were worth $310,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in MET. Signature Estate & Investment Advisors LLC purchased a new position in shares of MetLife during the first quarter worth approximately $107,000. First Personal Financial Services raised its position in shares of MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,300 shares during the last quarter. Parallel Advisors LLC raised its position in shares of MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in shares of MetLife during the first quarter worth approximately $149,000. Hedge funds and other institutional investors own 74.83% of the company’s stock.
MetLife, Inc. (NYSE:MET) traded up 0.13% during midday trading on Friday, hitting $46.80. The stock had a trading volume of 2,519,567 shares. The firm has a 50-day moving average of $48.79 and a 200-day moving average of $47.32. The company has a market cap of $49.74 billion, a PE ratio of 550.59 and a beta of 1.46. MetLife, Inc. has a 12-month low of $35.21 and a 12-month high of $51.77.
MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. Equities research analysts forecast that MetLife, Inc. will post $4.91 EPS for the current year.
The firm 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, August 3rd. MetLife’s dividend payout ratio is presently 1,777.98%.
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A number of brokerages recently commented on MET. TheStreet lowered MetLife from a “b-” rating to a “c” rating in a research note on Tuesday, May 16th. Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a research note on Saturday, July 1st. Barclays PLC dropped their price target on MetLife from $67.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Zacks Investment Research lowered MetLife from a “hold” rating to a “sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. MetLife has a consensus rating of “Hold” and a consensus price target of $59.17.
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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