State of Tennessee Treasury Department Grows Position in Metlife Inc (MET)

State of Tennessee Treasury Department increased its position in Metlife Inc (NYSE:MET) by 7.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 950,614 shares of the financial services provider’s stock after acquiring an additional 64,146 shares during the period. State of Tennessee Treasury Department’s holdings in Metlife were worth $48,063,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Intl Fcstone Inc. acquired a new position in Metlife in the second quarter worth approximately $383,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Metlife in the fourth quarter worth approximately $1,279,000. CHURCHILL MANAGEMENT Corp increased its holdings in Metlife by 35.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 28,309 shares of the financial services provider’s stock worth $1,431,000 after buying an additional 7,470 shares during the last quarter. Norinchukin Bank The increased its holdings in Metlife by 12.9% in the third quarter. Norinchukin Bank The now owns 48,172 shares of the financial services provider’s stock worth $2,503,000 after buying an additional 5,505 shares during the last quarter. Finally, Carret Asset Management LLC increased its holdings in Metlife by 3.7% in the third quarter. Carret Asset Management LLC now owns 117,611 shares of the financial services provider’s stock worth $6,110,000 after buying an additional 4,159 shares during the last quarter. Hedge funds and other institutional investors own 76.25% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, November 9th. B. Riley reiterated a “neutral” rating on shares of Metlife in a report on Monday, November 6th. Sandler O’Neill downgraded Metlife from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Wells Fargo & Co set a $60.00 price target on Metlife and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Morgan Stanley lowered their price target on Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Metlife has an average rating of “Hold” and a consensus target price of $57.77.

Shares of Metlife Inc (MET) opened at $47.19 on Thursday. The stock has a market cap of $48,906.27, a price-to-earnings ratio of 13.76, a PEG ratio of 0.95 and a beta of 1.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.16. Metlife Inc has a 52 week low of $43.38 and a 52 week high of $55.91.

Metlife (NYSE:MET) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41). The company had revenue of $15.79 billion during the quarter, compared to analyst estimates of $15.89 billion. Metlife had a return on equity of 8.62% and a net margin of 5.69%. During the same quarter in the previous year, the business posted $1.28 EPS. research analysts expect that Metlife Inc will post 4.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.39%. Metlife’s payout ratio is 46.92%.

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Metlife Profile

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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