Mutual of Omaha Bank Wealth Management reduced its stake in MetLife, Inc. (NYSE:MET) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,945 shares of the financial services provider’s stock after selling 480 shares during the period. Mutual of Omaha Bank Wealth Management’s holdings in MetLife were worth $327,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC acquired a new stake in MetLife during the first quarter valued at approximately $107,000. First Personal Financial Services increased its stake 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 in the last quarter. Westside Investment Management Inc. increased its stake 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 in the last quarter. Parallel Advisors LLC increased its stake 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 in the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in MetLife during the first quarter valued at approximately $149,000. 74.83% of the stock is owned by institutional investors.
MetLife, Inc. (MET) traded up 1.09% during mid-day trading on Tuesday, hitting $49.06. 3,033,370 shares of the company traded hands. MetLife, Inc. has a one year low of $38.87 and a one year high of $58.09. The stock has a market capitalization of $53.34 billion, a price-to-earnings ratio of 551.24 and a beta of 1.46. The company’s 50-day moving average is $54.59 and its 200-day moving average is $53.07.
MetLife (NYSE:MET) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. Analysts predict that MetLife, Inc. will post $4.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.30%. MetLife’s payout ratio is 1,777.98%.
MET has been the subject of several recent research reports. TheStreet raised shares of MetLife from a “c” rating to a “b-” rating in a research report on Monday, July 24th. Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a research report on Saturday, July 1st. Zacks Investment Research raised shares of MetLife from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Tuesday, April 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 target price on shares of MetLife in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $59.00 target price on shares of MetLife in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. MetLife presently has a consensus rating of “Hold” and a consensus target price of $59.02.
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; Brighthouse Financial, 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.