Manchester Capital Management LLC continued to hold its position in shares of MetLife, Inc. (NYSE:MET) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,817 shares of the financial services provider’s stock at the end of the second quarter. Manchester Capital Management LLC’s holdings in MetLife were worth $100,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. First Personal Financial Services lifted 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 buying an additional 266 shares during the period. Westside Investment Management Inc. lifted 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 buying an additional 2,300 shares during the period. Parallel Advisors LLC lifted 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 buying an additional 924 shares during the period. CI Investments Inc. acquired a new position in MetLife in the first quarter valued at $158,000. Finally, First Mercantile Trust Co. lifted its holdings in MetLife by 3.4% in the second quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock valued at $161,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 74.14% of the company’s stock.
Several research firms recently issued reports on MET. BidaskClub upgraded shares of MetLife from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Langen Mcalenn reiterated a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. Finally, TheStreet upgraded shares of MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $57.95.
Shares of MetLife, Inc. (NYSE:MET) opened at 49.47 on Wednesday. The company has a 50 day moving average of $47.80 and a 200-day moving average of $47.30. MetLife, Inc. has a 12-month low of $38.17 and a 12-month high of $51.77. The firm has a market cap of $52.58 billion, a price-to-earnings ratio of 582.00 and a beta of 1.44.
MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.11 billion. During the same period last year, the company posted $0.83 EPS. MetLife’s revenue was up 2.5% on a year-over-year basis. Analysts predict that MetLife, Inc. will post $4.78 EPS for the current year.
The firm 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. The ex-dividend date was Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.23%. MetLife’s dividend payout ratio (DPR) is currently 1,777.98%.
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.
Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MetLife, Inc. (NYSE:MET).
Receive News & Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related companies with MarketBeat.com's FREE daily email newsletter.