MetLife, Inc. (NYSE:MET) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in MetLife, Inc. (NYSE:MET - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,204,867 shares of the financial services provider's stock after acquiring an additional 56,320 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of MetLife worth $98,623,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in shares of MetLife in the fourth quarter valued at about $32,000. Retirement Wealth Solutions LLC acquired a new stake in shares of MetLife in the 4th quarter worth approximately $32,000. Graney & King LLC acquired a new position in MetLife during the fourth quarter worth $34,000. Values First Advisors Inc. purchased a new stake in MetLife during the fourth quarter worth $36,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of MetLife in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 94.99% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MET. Morgan Stanley lowered their price target on shares of MetLife from $109.00 to $94.00 and set an "overweight" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods cut their price target on MetLife from $98.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday. Piper Sandler lifted their price objective on MetLife from $92.00 to $94.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Cowen reaffirmed a "buy" rating on shares of MetLife in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

MetLife Stock Down 0.6 %

Shares of MET stock traded down $0.42 during mid-day trading on Friday, reaching $70.69. 1,275,522 shares of the company were exchanged, compared to its average volume of 3,394,624. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16. The business's 50 day simple moving average is $80.59 and its 200 day simple moving average is $82.52. The company has a market capitalization of $48.16 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.65 and a beta of 0.89. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $89.05.

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%. Research 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.