MetLife (NYSE:MET) – Equities researchers at B. Riley issued their Q1 2018 earnings estimates for MetLife in a report released on Monday, April 16th, Zacks Investment Research reports. B. Riley analyst R. Binner expects that the financial services provider will post earnings per share of $1.10 for the quarter.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered MetLife from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Deutsche Bank initiated coverage on MetLife in a report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price for the company. Goldman Sachs restated a “buy” rating on shares of MetLife in a report on Wednesday, January 31st. Wells Fargo reduced their target price on MetLife from $61.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Finally, ValuEngine lowered MetLife from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $56.75.
MetLife (NYSE:MET) last announced its quarterly earnings results 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). The firm had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. MetLife had a net margin of 5.69% and a return on equity of 8.59%. During the same period in the previous year, the firm posted $1.28 EPS.
The firm also recently declared 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. This is a positive change from MetLife’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.53%. MetLife’s payout ratio is 35.56%.
Several hedge funds have recently modified their holdings of the company. Cowen Prime Services LLC lifted its holdings in shares of MetLife by 13.8% during the fourth quarter. Cowen Prime Services LLC now owns 8,250 shares of the financial services provider’s stock worth $417,000 after buying an additional 1,000 shares during the last quarter. Jolley Asset Management LLC lifted its holdings in shares of MetLife by 1.4% during the fourth quarter. Jolley Asset Management LLC now owns 76,446 shares of the financial services provider’s stock worth $3,865,000 after buying an additional 1,085 shares during the last quarter. DnB Asset Management AS lifted its holdings in shares of MetLife by 1.2% during the fourth quarter. DnB Asset Management AS now owns 93,039 shares of the financial services provider’s stock worth $4,704,000 after buying an additional 1,100 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in shares of MetLife by 3.6% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 32,742 shares of the financial services provider’s stock worth $1,655,000 after buying an additional 1,142 shares during the last quarter. Finally, Boys Arnold & Co. Inc. lifted its holdings in shares of MetLife by 6.4% during the fourth quarter. Boys Arnold & Co. Inc. now owns 19,964 shares of the financial services provider’s stock worth $1,009,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 77.66% of the company’s stock.
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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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