Dupont Capital Management Corp increased its holdings in MetLife (NYSE:MET) by 35.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,613 shares of the financial services provider’s stock after acquiring an additional 1,713 shares during the quarter. Dupont Capital Management Corp’s holdings in MetLife were worth $303,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. First Dallas Securities Inc. acquired a new position in shares of MetLife in the fourth quarter worth about $111,000. Sandy Spring Bank lifted its stake in shares of MetLife by 495.2% in the fourth quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 1,976 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in shares of MetLife in the fourth quarter worth about $126,000. Avestar Capital LLC acquired a new position in shares of MetLife in the fourth quarter worth about $135,000. Finally, Premia Global Advisors LLC acquired a new position in shares of MetLife in the fourth quarter worth about $170,000. Institutional investors and hedge funds own 79.37% of the company’s stock.
MET has been the topic of several recent analyst reports. Wells Fargo reiterated a “buy” rating and issued a $60.00 price target on shares of MetLife in a research note on Friday, March 16th. ValuEngine cut MetLife from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Goldman Sachs reiterated a “buy” rating on shares of MetLife in a research note on Wednesday, January 31st. Zacks Investment Research upgraded MetLife from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday, January 18th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $56.00 price objective on shares of MetLife in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. MetLife has a consensus rating of “Hold” and a consensus price target of $56.81.
Shares of MetLife opened at $47.48 on Wednesday, according to MarketBeat.com. MetLife has a 52-week low of $46.97 and a 52-week high of $47.99. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.15 and a current ratio of 0.15.
MetLife (NYSE:MET) last posted its earnings results on Wednesday, May 2nd. The financial services provider reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.19. The company had revenue of $15.15 billion during the quarter, compared to analyst estimates of $15.52 billion. MetLife had a return on equity of 8.70% and a net margin of 6.48%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. equities research analysts predict that MetLife will post 5.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 13th. Stockholders of record on Monday, May 7th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, May 4th. This is a positive change from MetLife’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. MetLife’s dividend payout ratio is 37.33%.
MetLife Company Profile
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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