Compton Capital Management Inc. RI grew its position in Metlife Inc (NYSE:MET) by 20.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,500 shares of the financial services provider’s stock after acquiring an additional 4,600 shares during the period. Compton Capital Management Inc. RI’s holdings in Metlife were worth $1,262,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. raised its position in Metlife by 38.5% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 10,883,295 shares of the financial services provider’s stock worth $499,434,000 after purchasing an additional 3,027,327 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in Metlife in the 1st quarter worth approximately $65,615,000. BlackRock Inc. raised its position in Metlife by 1.8% in the 1st quarter. BlackRock Inc. now owns 74,542,993 shares of the financial services provider’s stock worth $3,420,777,000 after purchasing an additional 1,346,914 shares during the last quarter. Prudential Financial Inc. raised its position in Metlife by 66.0% in the 1st quarter. Prudential Financial Inc. now owns 2,899,754 shares of the financial services provider’s stock worth $133,069,000 after purchasing an additional 1,153,335 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Metlife by 673.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,174,013 shares of the financial services provider’s stock worth $53,876,000 after purchasing an additional 1,022,270 shares during the last quarter. Institutional investors own 77.29% of the company’s stock.
In other news, Director Gerald L. Hassell purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The stock was bought at an average price of $46.18 per share, with a total value of $461,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by insiders.
Shares of Metlife opened at $46.77 on Friday, MarketBeat.com reports. Metlife Inc has a 12-month low of $43.38 and a 12-month high of $55.91. The firm has a market capitalization of $48.39 billion, a PE ratio of 10.39, a PEG ratio of 0.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.15 and a quick ratio of 0.15.
Metlife (NYSE:MET) last announced its quarterly earnings results on Wednesday, May 2nd. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.19. Metlife had a net margin of 6.48% and a return on equity of 8.70%. The company had revenue of $15.15 billion during the quarter, compared to analyst estimates of $15.52 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The firm’s revenue was up .6% on a year-over-year basis. equities analysts expect that Metlife Inc will post 5.07 EPS for the current fiscal year.
Metlife declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 22nd that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the financial services provider to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 13th. Stockholders of record on Monday, May 7th were issued a $0.42 dividend. This is a positive change from Metlife’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.59%. Metlife’s payout ratio is 37.33%.
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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