MetLife, Inc. $MET Stake Raised by AE Wealth Management LLC

AE Wealth Management LLC raised its position in shares of MetLife, Inc. (NYSE:METFree Report) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,344 shares of the financial services provider’s stock after purchasing an additional 9,367 shares during the period. AE Wealth Management LLC’s holdings in MetLife were worth $4,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC raised its stake in shares of MetLife by 790.0% in 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 in the last quarter. Sound Income Strategies LLC grew its holdings in MetLife by 58.9% in the 4th quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in MetLife in the 3rd quarter valued at approximately $32,000. JPL Wealth Management LLC acquired a new stake in MetLife in the 3rd quarter valued at approximately $33,000. Finally, Albion Financial Group UT acquired a new stake in MetLife in the 4th quarter valued at approximately $32,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

MetLife News Summary

Here are the key news stories impacting MetLife this week:

Wall Street Analyst Weigh In

MET has been the topic of a number of research analyst reports. UBS Group raised their target price on MetLife from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Barclays decreased their price objective on MetLife from $92.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Morgan Stanley cut their target price on MetLife from $101.00 to $93.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Bank of America reduced their target price on MetLife from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, TD Cowen decreased their price target on shares of MetLife from $91.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.38.

Check Out Our Latest Stock Report on MetLife

MetLife Trading Up 0.0%

Shares of MET opened at $78.08 on Monday. The company has a market cap of $50.91 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.69 and a beta of 0.74. MetLife, Inc. has a 52-week low of $67.33 and a 52-week high of $83.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a fifty day moving average price of $73.13 and a two-hundred day moving average price of $76.77.

MetLife (NYSE:METGet Free Report) last released its earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.15. The company had revenue of $52.44 billion during the quarter, compared to the consensus estimate of $31.43 billion. MetLife had a return on equity of 21.81% and a net margin of 4.38%.The firm’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.08 earnings per share. Analysts predict that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

About MetLife

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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