Gould Asset Management LLC CA acquired a new stake in shares of MetLife, Inc. (NYSE:Met) all through the 1st quarter, in accordance to its most modern submitting with the SEC. The fund acquired 4,000 shares of the fiscal providers provider’s stock, valued at about $211,000.
Other significant investors have also additional to or lowered their stakes in the organization. Dodge & Cox acquired a new placement in shares of MetLife all through the fourth quarter worthy of about $2,212,814,000. Diamond Hill Capital Management Inc. improved its placement in shares of MetLife by 16.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 6,838,929 shares of the fiscal providers provider’s stock worthy of $361,232,000 immediately after getting an extra 950,133 shares all through the period. Norges Bank acquired a new placement in shares of MetLife all through the fourth quarter worthy of about $324,535,000. UBS Asset Management Americas Inc. improved its placement in shares of MetLife by 30.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 5,405,008 shares of the fiscal providers provider’s stock worthy of $285,493,000 immediately after getting an extra 1,256,510 shares all through the period. Last but not least, APG Asset Management N.V. improved its placement in shares of MetLife by 53.8% in the 1st quarter. APG Asset Management N.V. now owns 3,902,274 shares of the fiscal providers provider’s stock worthy of $206,118,000 immediately after getting an extra 1,365,018 shares all through the period. 74.60% of the stock is owned by hedge cash and other institutional investors.
MetLife, Inc. (Met) traded down 1.74% on Wednesday, hitting $54.73. The stock had a buying and selling quantity of 4,266,209 shares. MetLife, Inc. has a 12 thirty day period low of $38.87 and a 12 thirty day period significant of $58.09. The company’s current market cap is $58.89 billion. The organization has a 50-day going typical of $54.22 and a 200 day going typical of $53.04.
MetLife (NYSE:Met) previous posted its quarterly earnings final results on Wednesday, May well 3rd. The fiscal providers provider described $1.46 earnings for every share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $.19. The organization had revenue of $16.27 billion for the quarter, as opposed to analysts’ anticipations of $17.02 billion. MetLife had a favourable return on equity of 7.57% and a damaging internet margin of .95%. The firm’s revenue was down 11.7% on a yr-in excess of-yr basis. Throughout the exact quarter in the prior yr, the organization acquired $1.20 earnings for every share. On typical, analysts forecast that MetLife, Inc. will post $5.38 EPS for the latest fiscal yr.
The business also not long ago declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of history on Monday, August 7th will be issued a $.40 dividend. The ex-dividend day of this dividend is Thursday, August 3rd. This signifies a $1.60 annualized dividend and a dividend generate of 2.92%. MetLife’s dividend payout ratio is at the moment -258.06%.
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A amount of brokerages not long ago issued studies on Met. Citigroup Inc. set a $51.00 cost aim on MetLife and gave the organization a “sell” ranking in a investigation note on Friday, July 7th. Wells Fargo & Organization reiterated an “outperform” ranking and set a $63.00 cost aim (up from $61.00) on shares of MetLife in a investigation note on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” ranking and set a $62.00 cost aim on shares of MetLife in a investigation note on Wednesday, July 12th. TheStreet upgraded MetLife from a “c” ranking to a “b-” ranking in a investigation note on Monday. Last but not least, BidaskClub downgraded MetLife from a “hold” ranking to a “sell” ranking in a investigation note on Monday. Two expense analysts have rated the stock with a provide ranking, six have issued a maintain ranking, six have assigned a buy ranking and a single has issued a potent buy ranking to the company’s stock. The stock has a consensus ranking of “Hold” and an typical cost concentrate on of $59.03.
MetLife Organization Profile
MetLife, Inc is a provider of existence coverage, annuities, staff added benefits and asset administration. The Company’s segments involve U.S. Asia Latin The united states Europe, the Center East and Africa (EMEA) MetLife Holdings Brighthouse Fiscal, and Company & Other. Its U.S. phase is arranged into Team Advantages, Retirement and Income Options and Residence & Casualty companies.
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