MetLife, Inc. $MET Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of MetLife, Inc. (NYSE:MET) by 41.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 105,744 shares of the financial services provider’s stock after purchasing an additional 30,747 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in MetLife were worth $8,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC lifted its stake in shares of MetLife by 790.0% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 356 shares of the financial services provider’s stock worth $29,000 after buying an additional 316 shares during the period. Sound Income Strategies LLC lifted its stake in shares of MetLife by 58.9% during the fourth quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock worth $29,000 after buying an additional 142 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of MetLife during the third quarter worth $32,000. Albion Financial Group UT acquired a new stake in shares of MetLife in the fourth quarter worth $32,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of MetLife in the third quarter worth $33,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

MetLife Stock Performance

MET opened at $77.71 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a fifty day moving average price of $73.16 and a 200 day moving average price of $76.75. MetLife, Inc. has a 1 year low of $67.33 and a 1 year high of $83.85. The stock has a market cap of $50.67 billion, a P/E ratio of 16.53, a P/E/G ratio of 0.69 and a beta of 0.74.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.15. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The firm had revenue of $52.44 billion during the quarter, compared to analysts’ expectations of $31.43 billion. During the same period in the previous year, the business posted $2.08 EPS. The business’s revenue was up 27.6% compared to the same quarter last year. Equities research analysts anticipate that MetLife, Inc. will post 9.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MET has been the topic of a number of research reports. Mizuho cut their price objective on shares of MetLife from $100.00 to $93.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and issued a $87.00 price objective on shares of MetLife in a research note on Thursday, March 26th. Wells Fargo & Company cut their price objective on shares of MetLife from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Weiss Ratings lowered shares of MetLife from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Finally, Barclays cut their price objective on shares of MetLife from $92.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.38.

MetLife Company Profile

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.