American Century Providers Inc. reduced its holdings in MetLife, Inc. (NYSE:Met) by 21.7% all through the 2nd quarter, according to its most recent 13F submitting with the Securities & Trade Fee. The fund owned 5,597,620 shares of the economic providers provider’s inventory following selling 1,554,587 shares all through the quarter. American Century Providers Inc. owned .53% of MetLife truly worth $307,533,000 at the stop of the most recent reporting period of time.
Other institutional investors have also recently created variations to their positions in the corporation. Signature Estate & Investment decision Advisors LLC bought a new stake in MetLife all through the 1st quarter valued at about $107,000. Very first Private Economic Companies boosted its holdings in MetLife by 11.5% all through the 1st quarter. Very first Private Economic Companies now owns 2,588 shares of the economic providers provider’s inventory valued at $137,000 following acquiring an more 266 shares all through the period of time. Westside Investment decision Management Inc. lifted its holdings in MetLife by 583.8% in the 1st quarter. Westside Investment decision Management Inc. now owns 2,694 shares of the economic providers provider’s inventory truly worth $140,000 following purchasing an more 2,300 shares all through the period of time. Parallel Advisors LLC lifted its holdings in MetLife by 50.7% in the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the economic providers provider’s inventory truly worth $143,000 following purchasing an more 924 shares all through the period of time. At last, Very first Mercantile Belief Co. bought a new stake in MetLife in the 1st quarter truly worth approximately $149,000. Hedge cash and other institutional investors personal 74.24% of the company’s inventory.
Shares of MetLife, Inc. (NYSE:Met) opened at 48.54 on Friday. The corporation has a sector capitalization of $51.59 billion, a PE ratio of 571.06 and a beta of 1.44. The inventory has a 50 day shifting normal price of $47.80 and a 200 day shifting normal price of $47.29. MetLife, Inc. has a one particular 12 months reduced of $38.17 and a one particular 12 months significant of $51.77.
MetLife (NYSE:Met) very last released its quarterly earnings data on Wednesday, August 2nd. The economic providers service provider noted $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $.02. MetLife experienced a web margin of .30% and a return on equity of 8.51%. The corporation experienced profits of $17.39 billion all through the quarter, in comparison to analyst estimates of $17.11 billion. For the duration of the identical quarter in the prior 12 months, the small business earned $.83 earnings per share. The business’s quarterly profits was up 2.5% in comparison to the identical quarter very last 12 months. On normal, equities study analysts predict that MetLife, Inc. will submit $4.78 earnings per share for the existing 12 months.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th ended up specified a $.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Thursday, August 3rd. MetLife’s payout ratio is currently 1,777.98%.
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A variety of study companies have recently commented on Met. Langen Mcalenn reaffirmed a “buy” ranking on shares of MetLife in a study report on Wednesday, August 16th. Wells Fargo & Corporation reissued a “buy” ranking on shares of MetLife in a report on Monday, August 7th. BidaskClub elevated MetLife from a “sell” ranking to a “hold” ranking in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reissued a “buy” ranking and issued a $59.00 concentrate on price on shares of MetLife in a report on Thursday, August 3rd. At last, Zacks Investment decision Analysis lowered MetLife from a “hold” ranking to a “sell” ranking in a report on Wednesday, August 9th. Two equities study analysts have rated the inventory with a market ranking, six have specified a hold ranking and ten have assigned a acquire ranking to the corporation. The corporation has a consensus ranking of “Hold” and an normal price concentrate on of $57.95.
MetLife, Inc is a service provider of everyday living insurance policies, annuities, staff positive aspects and asset administration. The Company’s segments include things like U.S. Asia Latin America Europe, the Middle East and Africa (EMEA) MetLife Holdings, and Company & Other. Its U.S. section is structured into Group Added benefits, Retirement and Earnings Methods and Home & Casualty firms.
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