Rockefeller Capital Management L.P. Purchases 15,114 Shares of MetLife, Inc. (NYSE:MET)

Rockefeller Capital Management L.P. boosted its position in MetLife, Inc. (NYSE:MET - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 469,289 shares of the financial services provider's stock after purchasing an additional 15,114 shares during the period. Rockefeller Capital Management L.P. owned about 0.07% of MetLife worth $38,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new position in MetLife in the 4th quarter valued at $730,716,000. Bank of New York Mellon Corp grew its position in shares of MetLife by 109.2% during the 4th quarter. Bank of New York Mellon Corp now owns 8,826,658 shares of the financial services provider's stock valued at $722,727,000 after acquiring an additional 4,606,748 shares during the period. Clearbridge Investments LLC raised its holdings in shares of MetLife by 43.7% in the 4th quarter. Clearbridge Investments LLC now owns 5,663,177 shares of the financial services provider's stock worth $463,701,000 after purchasing an additional 1,723,461 shares during the period. Swedbank AB grew its holdings in MetLife by 76.0% during the fourth quarter. Swedbank AB now owns 3,466,808 shares of the financial services provider's stock valued at $283,862,000 after purchasing an additional 1,496,645 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of MetLife by 16.8% in the fourth quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider's stock valued at $347,735,000 after buying an additional 608,224 shares during the period. Hedge funds and other institutional investors own 94.99% of the company's stock.

MetLife Price Performance

NYSE MET traded up $0.79 on Friday, reaching $72.49. 2,739,216 shares of the company's stock traded hands, compared to its average volume of 3,404,801. MetLife, Inc. has a 12 month low of $65.21 and a 12 month high of $89.05. The stock has a market cap of $49.38 billion, a PE ratio of 12.14, a P/E/G ratio of 0.65 and a beta of 0.89. The stock has a 50-day simple moving average of $79.41 and a 200 day simple moving average of $82.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective 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. Cowen reissued a "buy" rating on shares of MetLife in a report on Friday, March 7th. StockNews.com cut MetLife from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Barclays reduced their target price on MetLife from $95.00 to $88.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, BMO Capital Markets initiated coverage on shares of MetLife in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $92.46.

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.