Capital Analysts LLC Holds Position in MetLife, Inc. (MET)

Capital Analysts LLC maintained its position in MetLife, Inc. (NYSE:MET) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,020 shares of the financial services provider’s stock at the close of the 2nd quarter. Capital Analysts LLC’s holdings in MetLife were worth $111,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC purchased a new stake in MetLife in the first quarter valued at approximately $107,000. First Personal Financial Services grew its holdings in MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 266 shares during the period. Westside Investment Management Inc. grew its holdings in MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 2,300 shares during the period. Parallel Advisors LLC grew its holdings in MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 924 shares during the period. Finally, CI Investments Inc. purchased a new stake in MetLife in the first quarter valued at approximately $158,000. Hedge funds and other institutional investors own 74.24% of the company’s stock.

A number of equities research analysts recently issued reports on MET shares. TheStreet downgraded shares of MetLife from a “b-” rating to a “c+” rating in a report on Monday, August 21st. BidaskClub downgraded shares of MetLife from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Wells Fargo & Company reiterated an “outperform” rating and set a $63.00 price objective (up from $61.00) on shares of MetLife in a research note on Wednesday, July 12th. Finally, FBR & Co upgraded shares of MetLife from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $54.00 to $58.00 in a research note on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. MetLife currently has an average rating of “Hold” and an average target price of $57.95.

MetLife, Inc. (NYSE:MET) opened at 48.35 on Friday. The stock has a 50 day moving average of $47.81 and a 200 day moving average of $47.28. MetLife, Inc. has a 52 week low of $38.17 and a 52 week high of $51.77. The stock has a market capitalization of $51.39 billion, a P/E ratio of 568.82 and a beta of 1.44.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. During the same quarter last year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that MetLife, Inc. will post $4.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 3.31%. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.

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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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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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