USS Investment Management Ltd held its stake in MetLife, Inc. (NYSE:MET) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 729,312 shares of the financial services provider’s stock at the end of the second quarter. USS Investment Management Ltd owned about 0.07% of MetLife worth $40,072,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its position 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. Vanguard Group Inc. grew its position 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. State Street Corp grew its position in MetLife by 1.4% in the 1st quarter. State Street Corp now owns 49,020,964 shares of the financial services provider’s stock valued at $2,589,297,000 after buying an additional 680,903 shares during the last quarter. Geode Capital Management LLC grew its position in MetLife by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 10,265,096 shares of the financial services provider’s stock valued at $541,427,000 after buying an additional 664,918 shares during the last quarter. Finally, Morgan Stanley grew its position in MetLife by 5.4% in the 1st quarter. Morgan Stanley now owns 7,946,397 shares of the financial services provider’s stock valued at $419,728,000 after buying an additional 404,104 shares during the last quarter. 74.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of MetLife, Inc. (NYSE:MET) opened at 48.50 on Wednesday. The company’s 50-day moving average is $47.86 and its 200-day moving average is $47.25. MetLife, Inc. has a 52-week low of $38.17 and a 52-week high of $51.77. The firm has a market cap of $51.55 billion, a P/E ratio of 570.59 and a beta of 1.44.
MetLife (NYSE:MET) last posted its quarterly 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. 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 the consensus estimate of $17.11 billion. During the same period last year, the business earned $0.83 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that MetLife, Inc. will post $4.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, August 3rd. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.
A number of research firms recently weighed in on MET. Citigroup Inc. set a $51.00 price objective on shares of MetLife and gave the company a “sell” rating in a research report on Friday, July 7th. Wells Fargo & Company restated an “outperform” rating and set a $63.00 target price (up from $61.00) on shares of MetLife in a research report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and set a $62.00 target price on shares of MetLife in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “buy” rating and set a $59.00 target price on shares of MetLife in a research report on Thursday, August 3rd. Finally, TheStreet upgraded shares of MetLife from a “c” rating to a “b-” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $57.95.
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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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