Sii Investments Inc. WI lifted its position in shares of MetLife, Inc. (NYSE:MET) by 152.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,247 shares of the financial services provider’s stock after purchasing an additional 11,615 shares during the quarter. Sii Investments Inc. WI’s holdings in MetLife were worth $1,054,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MET. BlackRock Inc. increased its stake in MetLife by 3,323.3% in the 1st quarter. BlackRock Inc. now owns 68,475,870 shares of the financial services provider’s stock valued at $3,616,895,000 after buying an additional 66,475,603 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in MetLife in the 2nd quarter valued at $183,290,000. Vanguard Group Inc. increased its stake in MetLife by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 65,364,620 shares of the financial services provider’s stock valued at $3,452,559,000 after buying an additional 1,885,246 shares during the last quarter. TD Asset Management Inc. increased its stake in MetLife by 47.7% in the 2nd quarter. TD Asset Management Inc. now owns 5,201,238 shares of the financial services provider’s stock valued at $285,756,000 after buying an additional 1,679,740 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in MetLife in the 1st quarter valued at $82,954,000. Institutional investors and hedge funds own 74.27% of the company’s stock.
Shares of MetLife, Inc. (NYSE:MET) opened at 53.02 on Friday. MetLife, Inc. has a 12 month low of $40.30 and a 12 month high of $53.27. The firm’s 50-day moving average is $49.14 and its 200 day moving average is $47.66. The company has a market capitalization of $56.35 billion, a price-to-earnings ratio of 623.76 and a beta of 1.47.
MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.11 billion. During the same period last year, the firm earned $0.83 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts expect that MetLife, Inc. will post $4.71 EPS for the current year.
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Several research firms have recently weighed in on MET. TheStreet lowered shares of MetLife from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. BidaskClub downgraded shares of MetLife from a “hold” rating to a “sell” rating in a report on Monday, July 24th. ValuEngine raised shares of MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $63.00 target price (up previously from $61.00) on shares of MetLife in a report on Wednesday, July 12th. Finally, UBS AG reaffirmed a “neutral” rating and set a $49.00 target price (down previously from $57.00) on shares of MetLife in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. MetLife has a consensus rating of “Hold” and a consensus target price of $57.45.
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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