MetLife, Inc. (MET) Holdings Maintained by Jacobi Capital Management LLC
Jacobi Capital Management LLC held its position in MetLife, Inc. (NYSE:MET) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,790 shares of the financial services provider’s stock at the close of the second quarter. Jacobi Capital Management LLC’s holdings in MetLife were worth $100,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services increased its holdings in shares of MetLife by 11.5% in the 1st quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 266 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of MetLife by 583.8% in the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 2,300 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of MetLife by 50.7% in the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 924 shares during the last quarter. CI Investments Inc. purchased a new position in shares of MetLife in the 1st quarter valued at about $158,000. Finally, First Mercantile Trust Co. increased its holdings in shares of MetLife by 3.4% in the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 74.14% of the company’s stock.
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Shares of MetLife, Inc. (MET) opened at 50.54 on Friday. MetLife, Inc. has a 52-week low of $38.17 and a 52-week high of $51.77. The firm has a market capitalization of $53.72 billion, a PE ratio of 594.59 and a beta of 1.44. The firm’s 50-day moving average price is $47.80 and its 200-day moving average price is $47.30.
MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ 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 business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. On average, equities analysts predict that MetLife, Inc. will post $4.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, August 3rd. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.
A number of research analysts have recently commented on the company. Citigroup Inc. set a $51.00 price objective on MetLife and gave the company a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 price objective on shares of MetLife in a report on Wednesday, July 12th. Wells Fargo & Company reiterated an “outperform” rating and issued a $63.00 price objective (up previously from $61.00) on shares of MetLife in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $59.00 target price on shares of MetLife in a research report on Thursday, August 3rd. Finally, TheStreet raised MetLife from a “c” rating to a “b-” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $57.95.
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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