UniSuper Management Pty Ltd Decreases Position in MetLife, Inc. (NYSE:MET)

UniSuper Management Pty Ltd cut its position in shares of MetLife, Inc. (NYSE:MET - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 264,077 shares of the financial services provider's stock after selling 13,583 shares during the quarter. UniSuper Management Pty Ltd's holdings in MetLife were worth $21,623,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of MetLife by 109.2% in the 4th quarter. Bank of New York Mellon Corp now owns 8,826,658 shares of the financial services provider's stock worth $722,727,000 after buying an additional 4,606,748 shares during the last quarter. Swedbank AB increased its position in shares of 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 buying an additional 1,496,645 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in MetLife in the 3rd quarter worth approximately $91,771,000. Jacobs Levy Equity Management Inc. boosted its stake in MetLife by 256.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider's stock valued at $78,209,000 after buying an additional 682,333 shares during the period. Finally, Nordea Investment Management AB increased its position 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 worth $347,735,000 after purchasing an additional 608,224 shares during the last quarter. 94.99% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several research firms recently commented on MET. Wells Fargo & Company increased their target price on shares of MetLife from $92.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. BMO Capital Markets started coverage on shares of MetLife in a research note on Thursday, January 23rd. They set a "market perform" rating and a $97.00 target price for the company. Keefe, Bruyette & Woods cut their price target on MetLife from $100.00 to $98.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Cowen reissued a "buy" rating on shares of MetLife in a research note on Friday, March 7th. Finally, Morgan Stanley lifted their price objective on shares of MetLife from $101.00 to $109.00 and gave the company an "overweight" rating in a research 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.58.

MetLife Price Performance

Shares of MetLife stock traded up $0.21 on Monday, hitting $79.44. 1,787,413 shares of the company were exchanged, compared to its average volume of 3,263,501. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The stock has a market capitalization of $54.11 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.65 and a beta of 1.04. The company has a 50-day moving average price of $83.29 and a 200 day moving average price of $82.94. The company has a quick ratio of 0.16, a current 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 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, sell-side analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th were issued a $0.545 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.74%. MetLife's dividend payout ratio is currently 36.52%.

MetLife Company 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.