TABR Capital Management LLC Invests $5.92 Million in MetLife, Inc. $MET

TABR Capital Management LLC acquired a new position in MetLife, Inc. (NYSE:MET) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 74,926 shares of the financial services provider’s stock, valued at approximately $5,915,000. MetLife makes up 2.3% of TABR Capital Management LLC’s holdings, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MET. Providence Capital Advisors LLC purchased a new stake in shares of MetLife during the 3rd quarter valued at $6,649,000. Arrowstreet Capital Limited Partnership increased its stake in MetLife by 188.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 417,515 shares of the financial services provider’s stock valued at $33,577,000 after acquiring an additional 272,619 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in MetLife by 8.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,176,469 shares of the financial services provider’s stock worth $96,905,000 after purchasing an additional 96,523 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its holdings in shares of MetLife by 21.9% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 137,956 shares of the financial services provider’s stock worth $11,363,000 after purchasing an additional 24,800 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of MetLife by 256.8% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 62,662 shares of the financial services provider’s stock valued at $5,161,000 after purchasing an additional 45,100 shares during the last quarter. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MET. Mizuho set a $100.00 target price on MetLife in a research report on Thursday, February 12th. Wells Fargo & Company lowered their price objective on shares of MetLife from $97.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. UBS Group increased their target price on shares of MetLife from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Barclays set a $90.00 price target on shares of MetLife in a research note on Thursday, January 8th. Finally, Evercore set a $95.00 price objective on MetLife in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.67.

MetLife Trading Down 0.1%

NYSE:MET opened at $68.52 on Monday. The firm has a market capitalization of $44.68 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.62 and a beta of 0.76. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $75.07 and a 200 day moving average of $77.90. MetLife, Inc. has a 52 week low of $65.21 and a 52 week high of $85.00.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.15. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The business had revenue of $52.44 billion for the quarter, compared to analyst estimates of $31.43 billion. During the same quarter last year, the firm earned $2.08 EPS. The company’s revenue was up 27.6% on a year-over-year basis. On average, research analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 3rd were paid a $0.5675 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $2.27 annualized dividend and a dividend yield of 3.3%. MetLife’s dividend payout ratio (DPR) is presently 48.30%.

About MetLife

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.