Diversified Trust Co. Has $2.47 Million Holdings in MetLife, Inc. $MET

Diversified Trust Co. boosted its holdings in MetLife, Inc. (NYSE:MET) by 276.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,246 shares of the financial services provider’s stock after acquiring an additional 22,945 shares during the quarter. Diversified Trust Co.’s holdings in MetLife were worth $2,467,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in MetLife by 3.6% during the 3rd quarter. Blue Trust Inc. now owns 3,585 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 125 shares in the last quarter. Trustmark Bank Trust Department lifted its stake in shares of MetLife by 4.6% in the third quarter. Trustmark Bank Trust Department now owns 2,870 shares of the financial services provider’s stock worth $236,000 after buying an additional 127 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of MetLife by 4.2% during the third quarter. Daymark Wealth Partners LLC now owns 3,192 shares of the financial services provider’s stock valued at $263,000 after buying an additional 130 shares during the last quarter. Cornerstone Wealth Group LLC increased its position in shares of MetLife by 4.9% during the third quarter. Cornerstone Wealth Group LLC now owns 2,790 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 130 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of MetLife by 1.9% during the third quarter. UMB Bank n.a. now owns 7,040 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MET. Mizuho set a $100.00 price objective on MetLife in a research report on Thursday, February 12th. Weiss Ratings lowered MetLife from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 9th. Morgan Stanley decreased their price target on MetLife from $101.00 to $93.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. TD Cowen lowered their price target on MetLife from $91.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, UBS Group lifted their price objective on MetLife from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.67.

MetLife Trading Up 0.9%

Shares of MET stock opened at $69.82 on Wednesday. MetLife, Inc. has a 12-month low of $65.21 and a 12-month high of $85.00. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $74.75 and its 200 day moving average is $77.74. The stock has a market capitalization of $45.52 billion, a P/E ratio of 14.85, a P/E/G ratio of 0.62 and a beta of 0.76.

MetLife (NYSE:MET) last announced its earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.15. The business had revenue of $52.44 billion during the quarter, compared to analyst estimates of $31.43 billion. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.08 EPS. Research analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 3rd were issued a $0.5675 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $2.27 annualized dividend and a dividend yield of 3.3%. MetLife’s payout ratio is presently 48.30%.

MetLife Profile

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.