Metlife Inc (NYSE:MET) Shares Bought by MML Investors Services LLC
MML Investors Services LLC raised its position in Metlife Inc (NYSE:MET) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,555 shares of the financial services provider’s stock after acquiring an additional 3,662 shares during the quarter. MML Investors Services LLC’s holdings in Metlife were worth $3,604,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Metlife by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 12,421,536 shares of the financial services provider’s stock worth $509,344,000 after buying an additional 856,479 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Metlife by 28.3% during the first quarter. Janus Henderson Group PLC now owns 266,889 shares of the financial services provider’s stock worth $11,361,000 after buying an additional 58,895 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Metlife during the first quarter worth approximately $326,000. Cornerstone Advisors Inc. grew its position in shares of Metlife by 165.5% during the first quarter. Cornerstone Advisors Inc. now owns 823 shares of the financial services provider’s stock worth $35,000 after buying an additional 513 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Metlife by 2,040.5% in the first quarter. Victory Capital Management Inc. now owns 314,035 shares of the financial services provider’s stock worth $13,368,000 after purchasing an additional 299,364 shares during the period. 75.62% of the stock is owned by institutional investors.
A number of research firms have commented on MET. Zacks Investment Research raised shares of Metlife from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a report on Friday, August 2nd. Wells Fargo & Co lifted their price objective on shares of Metlife from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. ValuEngine cut Metlife from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Citigroup cut their target price on Metlife from $42.00 to $41.00 and set a “sell” rating on the stock in a research note on Friday. Finally, Barclays raised their target price on Metlife from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $49.61.
Metlife (NYSE:MET) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.07. The firm had revenue of $16.45 billion for the quarter, compared to analyst estimates of $16.43 billion. Metlife had a return on equity of 9.75% and a net margin of 9.28%. Metlife’s revenue was down 22.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 earnings per share. As a group, analysts expect that Metlife Inc will post 5.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 6th will be paid a $0.44 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.76 dividend on an annualized basis and a yield of 3.61%. Metlife’s dividend payout ratio is currently 32.65%.
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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