Townsquare Capital LLC Has $948,000 Stake in MetLife, Inc. $MET

Townsquare Capital LLC decreased its holdings in MetLife, Inc. (NYSE:METFree Report) by 52.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,013 shares of the financial services provider’s stock after selling 12,994 shares during the period. Townsquare Capital LLC’s holdings in MetLife were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management raised its stake in MetLife by 205.8% in the 4th quarter. Activest Wealth Management now owns 315 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 212 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in MetLife by 790.0% in the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 356 shares of the financial services provider’s stock valued at $29,000 after buying an additional 316 shares during the period. Sound Income Strategies LLC increased its holdings in MetLife by 58.9% in the 4th quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock valued at $29,000 after buying an additional 142 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in MetLife in the 3rd quarter valued at about $32,000. Finally, Albion Financial Group UT bought a new position in MetLife in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MET has been the topic of several recent analyst reports. UBS Group raised their target price on shares of MetLife from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. raised their target price on shares of MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Keefe, Bruyette & Woods raised their target price on shares of MetLife from $87.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. TD Cowen decreased their target price on shares of MetLife from $91.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, Wells Fargo & Company raised their target price on shares of MetLife from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.31.

View Our Latest Research Report on MET

MetLife Trading Up 0.9%

Shares of MetLife stock opened at $86.34 on Thursday. MetLife, Inc. has a 1 year low of $67.33 and a 1 year high of $87.70. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $55.56 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 0.64 and a beta of 0.78. The firm’s 50 day moving average is $78.86 and its 200 day moving average is $77.23.

MetLife (NYSE:METGet Free Report) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. MetLife had a net margin of 4.66% and a return on equity of 22.60%. The firm had revenue of $14.18 billion for the quarter, compared to analyst estimates of $19.49 billion. During the same period in the previous year, the firm posted $1.96 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts forecast that MetLife, Inc. will post 9.98 earnings per share for the current fiscal year.

MetLife Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, May 12th. This is a positive change from MetLife’s previous quarterly dividend of $0.57. MetLife’s payout ratio is presently 45.93%.

MetLife News Roundup

Here are the key news stories impacting MetLife this week:

MetLife Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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