APG Asset Management N.V. Invests $25.23 Million in MetLife, Inc. (NYSE:MET)

APG Asset Management N.V. acquired a new position in MetLife, Inc. (NYSE:MET - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 319,100 shares of the financial services provider's stock, valued at approximately $25,232,000.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of MetLife in the fourth quarter worth about $32,000. Retirement Wealth Solutions LLC bought a new position in MetLife in the 4th quarter worth approximately $32,000. Graney & King LLC purchased a new stake in MetLife during the 4th quarter valued at approximately $34,000. Values First Advisors Inc. bought a new stake in shares of MetLife during the fourth quarter valued at approximately $36,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of MetLife in the fourth quarter worth $48,000. Institutional investors own 94.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MET. Morgan Stanley reduced their price target on shares of MetLife from $109.00 to $94.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Piper Sandler lifted their price objective on MetLife from $92.00 to $94.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company cut their target price on shares of MetLife from $97.00 to $91.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of MetLife from $88.00 to $86.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of MetLife from $98.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, MetLife presently has a consensus rating of "Moderate Buy" and an average target price of $92.46.

MetLife Trading Up 0.3 %

Shares of MET stock traded up $0.25 on Tuesday, reaching $73.20. 633,571 shares of the company's stock were exchanged, compared to its average volume of 3,391,336. The company's fifty day simple moving average is $80.08 and its 200 day simple moving average is $82.40. MetLife, Inc. has a 52 week low of $65.21 and a 52 week high of $89.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $49.87 billion, a PE ratio of 12.26, a P/E/G ratio of 0.65 and a beta of 0.89.

MetLife (NYSE:MET - Get Free Report) last released its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. As a group, analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

About MetLife

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.