LPL Financial LLC decreased its position in MetLife, Inc. (NYSE:MET - Free Report) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 719,789 shares of the financial services provider's stock after selling 115,623 shares during the period. LPL Financial LLC owned about 0.10% of MetLife worth $58,936,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of MET. Cerity Partners LLC lifted its position in shares of MetLife by 64.3% during the 3rd quarter. Cerity Partners LLC now owns 69,689 shares of the financial services provider's stock valued at $5,748,000 after buying an additional 27,274 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in MetLife by 14.8% during the third quarter. Kingsview Wealth Management LLC now owns 3,899 shares of the financial services provider's stock valued at $322,000 after purchasing an additional 502 shares in the last quarter. Larson Financial Group LLC grew its position in shares of MetLife by 59.5% in the third quarter. Larson Financial Group LLC now owns 906 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 338 shares during the period. Bank of Montreal Can increased its stake in shares of MetLife by 5.5% during the third quarter. Bank of Montreal Can now owns 901,340 shares of the financial services provider's stock worth $74,343,000 after purchasing an additional 47,117 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in MetLife by 3.1% in the 3rd quarter. D.A. Davidson & CO. now owns 22,294 shares of the financial services provider's stock valued at $1,839,000 after buying an additional 671 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company's stock.
MetLife Trading Up 1.4 %
MET stock traded up $1.09 during midday trading on Monday, hitting $80.32. 5,392,281 shares of the company's stock were exchanged, compared to its average volume of 3,277,523. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The business has a 50-day simple moving average of $83.16 and a two-hundred day simple moving average of $82.98. The stock has a market capitalization of $54.72 billion, a PE ratio of 13.45, a P/E/G ratio of 0.65 and a beta of 1.04. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54.
MetLife (NYSE:MET - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. On average, sell-side analysts predict that MetLife, Inc. will post 9.65 EPS for the current fiscal year.
MetLife Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were given a dividend of $0.545 per share. The ex-dividend date was Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.71%. MetLife's payout ratio is currently 36.52%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on MET shares. Barclays reduced their target price on MetLife from $96.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, February 7th. StockNews.com lowered shares of MetLife from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. JPMorgan Chase & Co. raised their price target on shares of MetLife from $86.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Cowen reaffirmed a "buy" rating on shares of MetLife in a research note on Friday, March 7th. Finally, Morgan Stanley boosted their target price on MetLife from $101.00 to $109.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, MetLife has a consensus rating of "Moderate Buy" and an average price target of $94.58.
View Our Latest Research Report on MetLife
About MetLife
(
Free Report)
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.
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