BB&T Securities LLC grew its stake in Metlife Inc (NYSE:MET) by 73.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 368,600 shares of the financial services provider’s stock after buying an additional 156,024 shares during the quarter. BB&T Securities LLC’s holdings in Metlife were worth $18,635,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. First Dallas Securities Inc. bought a new stake in shares of Metlife in the fourth quarter worth $111,000. Ffcm LLC lifted its position in shares of Metlife by 2,020.8% in the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,142 shares in the last quarter. Sandy Spring Bank lifted its position 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 purchasing an additional 1,976 shares in the last quarter. Avestar Capital LLC bought a new stake in shares of Metlife in the fourth quarter worth $135,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Metlife in the third quarter worth $151,000. Institutional investors own 77.67% of the company’s stock.
A number of brokerages have recently commented on MET. Wells Fargo reissued a “buy” rating and issued a $60.00 price objective on shares of Metlife in a research report on Friday. ValuEngine raised shares of Metlife from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. UBS reissued a “neutral” rating and issued a $51.00 price objective (down previously from $52.00) on shares of Metlife in a research report on Friday, March 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $56.00 price objective on shares of Metlife in a research report on Friday, February 23rd. Finally, Morgan Stanley cut their price objective on shares of Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.90.
Metlife (NYSE:MET) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.41). Metlife had a net margin of 5.69% and a return on equity of 8.59%. The company had revenue of $15.79 billion during the quarter, compared to analyst estimates of $15.89 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. equities analysts anticipate that Metlife Inc will post 4.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.38%. Metlife’s dividend payout ratio is currently 46.92%.
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Metlife Company 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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