Rockefeller Capital Management L.P. Raises Holdings in MetLife, Inc. $MET

Rockefeller Capital Management L.P. grew its holdings in MetLife, Inc. (NYSE:MET) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 545,795 shares of the financial services provider’s stock after purchasing an additional 126,722 shares during the period. Rockefeller Capital Management L.P. owned about 0.08% of MetLife worth $43,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Activest Wealth Management increased its holdings in MetLife by 205.8% in the 4th quarter. Activest Wealth Management now owns 315 shares of the financial services provider’s stock worth $25,000 after buying an additional 212 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in MetLife by 790.0% during the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 356 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 316 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of MetLife by 58.9% during the 4th quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 142 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of MetLife in the fourth quarter worth approximately $30,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of MetLife in the fourth quarter worth approximately $31,000. 94.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MET shares. Piper Sandler raised their target price on shares of MetLife from $81.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Barclays boosted their target price on shares of MetLife from $89.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Morgan Stanley raised their price target on MetLife from $89.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Bank of America lowered their target price on MetLife from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Wells Fargo & Company raised their target price on MetLife from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and an average target price of $95.31.

MetLife Trading Up 0.2%

Shares of MetLife stock opened at $85.76 on Monday. MetLife, Inc. has a 1-year low of $67.33 and a 1-year high of $89.62. The company’s fifty day simple moving average is $81.04 and its 200-day simple moving average is $77.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $55.18 billion, a PE ratio of 16.62, a P/E/G ratio of 0.64 and a beta of 0.78.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $2.42 EPS for the quarter, topping the consensus estimate of $2.27 by $0.15. The firm had revenue of $14.18 billion during the quarter, compared to analyst estimates of $19.49 billion. MetLife had a return on equity of 22.60% and a net margin of 4.66%.MetLife’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. As a group, equities analysts anticipate that MetLife, Inc. will post 9.98 earnings per share for the current year.

MetLife Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 12th were given a $0.5925 dividend. The ex-dividend date was Tuesday, May 12th. This is a positive change from MetLife’s previous quarterly dividend of $0.57. This represents a $2.37 dividend on an annualized basis and a yield of 2.8%. MetLife’s dividend payout ratio (DPR) is currently 45.93%.

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.