Captrust Financial Advisors grew its stake in shares of Metlife Inc (NYSE:MET) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,868 shares of the financial services provider’s stock after buying an additional 4,501 shares during the quarter. Captrust Financial Advisors’ holdings in Metlife were worth $1,207,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of MET. First Dallas Securities Inc. bought a new stake in shares of Metlife during the fourth quarter worth $111,000. Ffcm LLC grew its stake in shares of Metlife by 2,020.8% during the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after buying an additional 2,142 shares during the last quarter. Sandy Spring Bank grew its stake in shares of Metlife by 495.2% during the fourth quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,976 shares during the last quarter. Avestar Capital LLC bought a new stake in shares of Metlife during the fourth quarter worth $135,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Metlife during the third quarter worth $151,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on MET shares. Wells Fargo & Co decreased their target price on shares of Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. Deutsche Bank assumed coverage on shares of Metlife in a research note on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 price objective on the stock. Zacks Investment Research cut shares of Metlife from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Goldman Sachs Group reissued a “buy” rating on shares of Metlife in a research note on Wednesday, January 31st. Finally, ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Metlife presently has an average rating of “Hold” and a consensus target price of $57.90.
Metlife (NYSE:MET) last released its earnings results on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41). The firm had revenue of $15.79 billion during the quarter, compared to analyst estimates of $15.89 billion. Metlife had a net margin of 5.69% and a return on equity of 8.59%. During the same quarter in the previous year, the firm earned $1.28 EPS. equities analysts expect that Metlife Inc will post 4.93 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 5th were issued a $0.40 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.60 annualized dividend and a yield of 3.40%. Metlife’s payout ratio is 37.12%.
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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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