Intact Investment Management Inc. Has $429,000 Holdings in MetLife, Inc. (MET)

Intact Investment Management Inc. maintained its position in MetLife, Inc. (NYSE:MET) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,800 shares of the financial services provider’s stock at the end of the 2nd quarter. Intact Investment Management Inc.’s holdings in MetLife were worth $429,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its holdings in MetLife by 0.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 38 shares during the period. Forward Management LLC increased its holdings in MetLife by 0.4% in the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 41 shares during the period. Peoples Bank OH increased its holdings in MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 50 shares during the period. Atria Investments LLC increased its holdings in MetLife by 0.4% in the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock valued at $1,043,000 after purchasing an additional 72 shares during the period. Finally, Apriem Advisors increased its holdings in MetLife by 0.6% in the second quarter. Apriem Advisors now owns 13,060 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 74.14% of the company’s stock.

A number of analysts recently weighed in on MET shares. ValuEngine upgraded MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Citigroup Inc. set a $51.00 price objective on MetLife and gave the company a “sell” rating in a report on Friday, July 7th. BidaskClub upgraded MetLife from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. UBS AG restated a “neutral” rating and issued a $49.00 price objective (down from $57.00) on shares of MetLife in a report on Friday, September 1st. Finally, J P Morgan Chase & Co started coverage on MetLife in a report on Monday, July 24th. They issued a “hold” rating and a $78.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $57.95.

Shares of MetLife, Inc. (NYSE MET) opened at 48.90 on Tuesday. The stock has a 50 day moving average price of $47.79 and a 200 day moving average price of $47.29. The firm has a market capitalization of $51.97 billion, a P/E ratio of 575.29 and a beta of 1.44. MetLife, Inc. has a 52 week low of $38.17 and a 52 week high of $51.77.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, August 3rd. MetLife’s dividend payout ratio is currently 1,777.98%.

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MetLife 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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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