AMP Capital Investors Ltd lowered its position in Metlife Inc (NYSE:MET) by 7.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 267,828 shares of the financial services provider’s stock after selling 21,430 shares during the period. AMP Capital Investors Ltd’s holdings in Metlife were worth $13,541,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Metlife by 1.5% in the 4th quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock worth $3,700,792,000 after purchasing an additional 1,097,982 shares during the period. Geode Capital Management LLC lifted its position in shares of Metlife by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 10,504,468 shares of the financial services provider’s stock worth $529,964,000 after purchasing an additional 174,242 shares during the period. Epoch Investment Partners Inc. lifted its position in shares of Metlife by 208.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock worth $534,623,000 after purchasing an additional 6,954,917 shares during the period. American Century Companies Inc. lifted its position in shares of Metlife by 10.3% in the 4th quarter. American Century Companies Inc. now owns 6,625,997 shares of the financial services provider’s stock worth $335,010,000 after purchasing an additional 619,487 shares during the period. Finally, TD Asset Management Inc. lifted its position in shares of Metlife by 20.5% in the 3rd quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock worth $325,671,000 after purchasing an additional 1,067,700 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Metlife Inc (NYSE MET) opened at $47.02 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.15 and a current ratio of 0.15. Metlife Inc has a 1-year low of $43.38 and a 1-year high of $55.91. The firm has a market cap of $49,480.00, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.60 annualized dividend and a yield of 3.40%. Metlife’s payout ratio is 37.12%.
A number of research firms recently issued reports on MET. Zacks Investment Research downgraded shares of Metlife from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. UBS Group reiterated a “neutral” rating and set a $51.00 target price (down previously from $52.00) on shares of Metlife in a research report on Friday, March 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $56.00 target price on shares of Metlife in a research report on Friday, February 23rd. Deutsche Bank began coverage on shares of Metlife in a research report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 target price on the stock. Finally, Wells Fargo & Co dropped their target price on shares of Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.90.
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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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