MetLife, Inc. (NYSE:MET) Position Held by F&V Capital Management LLC
F&V Capital Management LLC maintained its stake in MetLife, Inc. (NYSE:MET) during the second quarter, Holdings Channel reports. The fund owned 10,160 shares of the financial services provider’s stock at the end of the second quarter. F&V Capital Management LLC’s holdings in MetLife were worth $558,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Macquarie Group Ltd. raised its stake in MetLife by 10.0% in the fourth quarter. Macquarie Group Ltd. now owns 325,781 shares of the financial services provider’s stock valued at $17,557,000 after buying an additional 29,682 shares during the period. Carroll Financial Associates Inc. raised its stake in MetLife by 15.0% in the first quarter. Carroll Financial Associates Inc. now owns 2,847 shares of the financial services provider’s stock valued at $150,000 after buying an additional 372 shares during the period. First National Bank of Omaha bought a new stake in MetLife during the first quarter valued at approximately $206,000. Foothills Asset Management Ltd. bought a new stake in MetLife during the first quarter valued at approximately $2,237,000. Finally, Alpha Windward LLC raised its stake in MetLife by 0.9% in the first quarter. Alpha Windward LLC now owns 3,297 shares of the financial services provider’s stock valued at $174,000 after buying an additional 29 shares during the period. 74.83% of the stock is currently owned by hedge funds and other institutional investors.
MetLife, Inc. (NYSE MET) traded up 0.15% during trading on Friday, hitting $46.81. The stock 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 stock’s 50 day moving average price is $48.80 and its 200 day moving average price is $47.31. The firm has a market cap of $49.75 billion, a P/E ratio of 550.71 and a beta of 1.46.
MetLife (NYSE:MET) last posted its 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. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The firm had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. During the same quarter in the prior year, the company earned $0.83 EPS. MetLife’s revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that MetLife, Inc. will post $4.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, August 3rd. MetLife’s payout ratio is currently 1,777.98%.
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MET has been the topic of several analyst reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a report on Tuesday, April 18th. Zacks Investment Research lowered MetLife from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. TheStreet lowered MetLife from a “b-” rating to a “c” rating in a report on Tuesday, May 16th. FBR & Co raised MetLife from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $54.00 to $58.00 in a report on Thursday, May 25th. Finally, BidaskClub raised MetLife from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average 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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