Eagle Asset Management Inc. Has $4.94 Million Stake in MetLife, Inc. (MET)
Eagle Asset Management Inc. reduced its position in MetLife, Inc. (NYSE:MET) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,951 shares of the financial services provider’s stock after selling 770 shares during the period. Eagle Asset Management Inc.’s holdings in MetLife were worth $4,941,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its position in shares of MetLife by 0.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 38 shares in the last quarter. Forward Management LLC grew its position in MetLife by 0.4% during the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 41 shares in the last quarter. Peoples Bank OH grew its position in MetLife by 0.5% during the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 50 shares in the last quarter. Atria Investments LLC grew its position in MetLife by 0.4% during the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock valued at $1,043,000 after purchasing an additional 72 shares in the last quarter. Finally, Apriem Advisors grew its position in MetLife by 0.6% during the second quarter. Apriem Advisors now owns 13,060 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 74 shares in the last quarter. 74.24% of the stock is currently owned by institutional investors and hedge funds.
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A number of research analysts recently commented on MET shares. ValuEngine raised shares of MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. set a $51.00 price objective on shares of MetLife and gave the company a “sell” rating in a research report on Friday, July 7th. BidaskClub raised shares of MetLife from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. J P Morgan Chase & Co started coverage on shares of MetLife in a research report on Monday, July 24th. They set a “hold” rating and a $78.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $59.00 price objective on shares of MetLife in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.95.
Shares of MetLife, Inc. (NYSE:MET) opened at 48.54 on Friday. MetLife, Inc. has a 1-year low of $38.17 and a 1-year high of $51.77. The firm has a 50-day moving average of $47.80 and a 200-day moving average of $47.29. The firm has a market capitalization of $51.59 billion, a PE ratio of 571.06 and a beta of 1.44.
MetLife (NYSE:MET) last issued its quarterly earnings results 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 analysts’ expectations of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. On average, equities research analysts anticipate that MetLife, Inc. will post $4.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.30%. MetLife’s dividend payout ratio is currently 1,777.98%.
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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