MetLife, Inc. (NYSE:MET) Holdings Boosted by Diversified Trust Co

Diversified Trust Co boosted its position in shares of MetLife, Inc. (NYSE:METFree Report) by 110.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,811 shares of the financial services provider’s stock after purchasing an additional 6,724 shares during the period. Diversified Trust Co’s holdings in MetLife were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in MetLife during the 4th quarter worth approximately $558,460,000. Dimensional Fund Advisors LP boosted its stake in shares of MetLife by 20.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,053,851 shares of the financial services provider’s stock valued at $268,090,000 after buying an additional 700,788 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of MetLife by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,878,238 shares of the financial services provider’s stock valued at $256,468,000 after buying an additional 104,116 shares during the period. Nordea Investment Management AB boosted its stake in shares of MetLife by 9.9% during the 4th quarter. Nordea Investment Management AB now owns 2,664,012 shares of the financial services provider’s stock valued at $176,304,000 after buying an additional 240,564 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of MetLife by 1.8% during the 4th quarter. Stifel Financial Corp now owns 2,005,738 shares of the financial services provider’s stock valued at $132,641,000 after buying an additional 35,782 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MET. Argus lifted their target price on shares of MetLife from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods decreased their target price on shares of MetLife from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company reduced their price objective on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Finally, Jefferies Financial Group reduced their price objective on shares of MetLife from $88.00 to $83.00 and set a “buy” rating for the company in a research note on Friday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.92.

Get Our Latest Stock Report on MetLife

MetLife Stock Performance

Shares of MET opened at $69.88 on Tuesday. The company has a market capitalization of $49.69 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11. MetLife, Inc. has a one year low of $56.13 and a one year high of $74.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. The company’s fifty day moving average price is $71.31 and its 200 day moving average price is $70.16.

MetLife (NYSE:METGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.83. MetLife had a net margin of 3.50% and a return on equity of 20.39%. The company had revenue of $17.02 billion for the quarter, compared to the consensus estimate of $17.73 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that MetLife, Inc. will post 8.62 earnings per share for the current year.

MetLife Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.545 per share. This is an increase from MetLife’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Monday, May 6th. This represents a $2.18 annualized dividend and a dividend yield of 3.12%. MetLife’s payout ratio is presently 74.91%.

MetLife announced that its board has authorized a share buyback plan on Wednesday, May 1st that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

MetLife Company Profile

(Free Report)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.

Further Reading

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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