MetLife, Inc. (MET) Shares Bought by Dynamic Advisors Solutions LLC
Dynamic Advisors Solutions LLC boosted its stake in shares of MetLife, Inc. (NYSE:MET) by 11.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,943 shares of the financial services provider’s stock after buying an additional 824 shares during the period. Dynamic Advisors Solutions LLC’s holdings in MetLife were worth $436,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC purchased a new position in MetLife during the first quarter valued at $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 $149,000. Institutional investors and hedge funds own 74.83% of the company’s stock.
Shares of MetLife, Inc. (NYSE:MET) traded up 0.15% during midday trading on Friday, hitting $46.81. The company had a trading volume of 6,437,764 shares. MetLife, Inc. has a 12 month low of $35.64 and a 12 month high of $51.77. The company has a 50-day moving average of $48.80 and a 200-day moving average of $47.31. The company has a market capitalization of $49.75 billion, a PE ratio of 550.71 and a beta of 1.46.
MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. The company 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 firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. Analysts predict that MetLife, Inc. will post $4.91 earnings per share 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 given a $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 3.42%. MetLife’s payout ratio is 1,777.98%.
Several equities analysts have weighed in on MET shares. TheStreet upgraded MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. Royal Bank Of Canada restated a “buy” rating and set a $62.00 price target on shares of MetLife in a report on Wednesday, July 12th. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 price target on shares of MetLife in a report on Thursday, August 3rd. Finally, Argus cut their price target on MetLife from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. MetLife presently has an average rating of “Hold” and a consensus target price of $59.17.
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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