LSV Asset Management Sells 326,160 Shares of MetLife, Inc. (NYSE:MET)

LSV Asset Management lowered its position in shares of MetLife, Inc. (NYSE:MET - Free Report) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,867,160 shares of the financial services provider's stock after selling 326,160 shares during the quarter. LSV Asset Management owned about 0.27% of MetLife worth $152,883,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of MetLife during the fourth quarter valued at approximately $32,000. Retirement Wealth Solutions LLC acquired a new position in shares of MetLife during the 4th quarter valued at $32,000. Graney & King LLC bought a new stake in shares of MetLife in the 4th quarter worth approximately $34,000. Values First Advisors Inc. purchased a new stake in shares of MetLife during the fourth quarter valued at $36,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in MetLife in the 4th quarter worth approximately $48,000. 94.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MET shares. BMO Capital Markets began coverage on MetLife in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 target price on the stock. JPMorgan Chase & Co. cut their target price on MetLife from $88.00 to $86.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. UBS Group lifted their price objective on MetLife from $94.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their target price on shares of MetLife from $98.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, StockNews.com lowered MetLife from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.46.

MetLife Trading Up 0.0 %

Shares of MetLife stock traded up $0.01 during trading hours on Tuesday, hitting $72.96. The company's stock had a trading volume of 755,944 shares, compared to its average volume of 3,391,724. The company has a market capitalization of $49.70 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.65 and a beta of 0.89. MetLife, Inc. has a 12 month low of $65.21 and a 12 month high of $89.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a 50 day moving average of $80.08 and a 200 day moving average of $82.40.

MetLife (NYSE:MET - Get Free Report) last issued its quarterly 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%. Analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Profile

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.