NBT Bank N A NY Has $844,000 Position in MetLife, Inc. (MET)
NBT Bank N A NY boosted its stake in shares of MetLife, Inc. (NYSE:MET) by 3.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,355 shares of the financial services provider’s stock after purchasing an additional 482 shares during the quarter. NBT Bank N A NY’s holdings in MetLife were worth $844,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC acquired a new position in MetLife during the 1st quarter worth $107,000. First Personal Financial Services boosted its position in MetLife by 11.5% during the 1st quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 266 shares during the period. Westside Investment Management Inc. boosted its position in MetLife by 583.8% during the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 2,300 shares during the period. Parallel Advisors LLC boosted its position in MetLife by 50.7% during the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 924 shares during the period. Finally, First Mercantile Trust Co. boosted its position in MetLife by 3.4% during the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 74.24% of the company’s stock.
MetLife, Inc. (NYSE MET) opened at 48.54 on Friday. The firm has a 50-day moving average price of $47.80 and a 200-day moving average price of $47.29. MetLife, Inc. has a 52 week low of $38.17 and a 52 week high of $51.77. The stock has a market cap of $51.59 billion, a P/E ratio of 571.06 and a beta of 1.44.
MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of $17.11 billion. During the same quarter last year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts predict that MetLife, Inc. will post $4.78 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Thursday, August 3rd. MetLife’s dividend payout ratio is 1,777.98%.
A number of research analysts have issued reports on MET shares. FBR & Co upgraded MetLife from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $54.00 to $58.00 in a research report on Thursday, May 25th. BidaskClub upgraded MetLife from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. ValuEngine upgraded MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a research report on Saturday, July 1st. Finally, Citigroup Inc. set a $51.00 price target on MetLife and gave the stock a “sell” rating in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.95.
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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, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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