Peoples Bank OH boosted its position in MetLife, Inc. (NYSE:MET) by 0.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,529 shares of the financial services provider’s stock after buying an additional 50 shares during the period. Peoples Bank OH’s holdings in MetLife were worth $556,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC purchased a new stake in shares of MetLife during the first quarter worth about $107,000. First Personal Financial Services boosted its stake in shares of MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares during the period. First Mercantile Trust Co. purchased a new stake in shares of MetLife during the first quarter worth about $149,000. Carroll Financial Associates Inc. boosted its stake in shares of MetLife by 15.0% in the first quarter. Carroll Financial Associates Inc. now owns 2,847 shares of the financial services provider’s stock worth $150,000 after buying an additional 372 shares during the period. Finally, CI Investments Inc. purchased a new stake in shares of MetLife during the first quarter worth about $158,000. Institutional investors and hedge funds own 74.53% of the company’s stock.
MetLife, Inc. (NYSE MET) opened at 53.52 on Friday. MetLife, Inc. has a 52 week low of $36.17 and a 52 week high of $58.09. The stock has a 50 day moving average of $51.66 and a 200 day moving average of $53.14. The company’s market cap is $57.58 billion.
MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.19. MetLife had a positive return on equity of 7.57% and a negative net margin of 0.95%. The company had revenue of $16.27 billion during the quarter, compared to the consensus estimate of $17.02 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The firm’s revenue was down 11.7% compared to the same quarter last year. Equities research analysts predict that MetLife, Inc. will post $5.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Monday, May 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Thursday, May 4th. MetLife’s dividend payout ratio is currently -258.06%.
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MET has been the topic of a number of research analyst reports. Bank of America Corporation lowered shares of MetLife from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $54.20 to $54.83 in a report on Monday, March 6th. TheStreet lowered shares of MetLife from a “b-” rating to a “c” rating in a report on Friday, February 24th. Citigroup Inc. reissued a “focus list” rating on shares of MetLife in a report on Tuesday, February 21st. FBR & Co raised shares of MetLife from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $54.00 to $58.00 in a report on Thursday, May 25th. Finally, Zacks Investment Research lowered shares of MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.94.
In other news, Director James M. Kilts acquired 17,205 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was bought at an average price of $51.13 per share, with a total value of $879,691.65. Following the completion of the purchase, the director now directly owns 59,443 shares of the company’s stock, valued at approximately $3,039,320.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.
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; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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