Nordea Investment Management AB Acquires 86,519 Shares of MetLife, Inc. $MET

Nordea Investment Management AB boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 2.0% during the third quarter, HoldingsChannel reports. The fund owned 4,512,620 shares of the financial services provider’s stock after purchasing an additional 86,519 shares during the quarter. Nordea Investment Management AB’s holdings in MetLife were worth $367,643,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quaker Wealth Management LLC increased its holdings in MetLife by 198.2% in the second quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 672 shares during the period. Salomon & Ludwin LLC grew its position in shares of MetLife by 95.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 422 shares of the financial services provider’s stock valued at $35,000 after buying an additional 206 shares during the last quarter. True Wealth Design LLC increased its stake in shares of MetLife by 564.1% in the third quarter. True Wealth Design LLC now owns 425 shares of the financial services provider’s stock valued at $35,000 after buying an additional 361 shares during the period. Evolution Wealth Management Inc. bought a new position in shares of MetLife during the second quarter worth about $35,000. Finally, MTM Investment Management LLC acquired a new position in shares of MetLife in the second quarter worth approximately $37,000. Institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

MET has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of MetLife in a report on Monday, December 29th. Barclays set a $90.00 price objective on shares of MetLife in a research report on Thursday. UBS Group dropped their target price on shares of MetLife from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday. Mizuho started coverage on MetLife in a report on Monday, December 15th. They set an “outperform” rating and a $101.00 price target for the company. Finally, Wolfe Research raised MetLife to a “strong-buy” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, MetLife currently has an average rating of “Moderate Buy” and a consensus price target of $95.08.

MetLife Stock Performance

Shares of MetLife stock opened at $78.32 on Tuesday. The business has a 50-day simple moving average of $78.75 and a 200 day simple moving average of $79.01. MetLife, Inc. has a one year low of $65.21 and a one year high of $88.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market capitalization of $51.60 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.72 and a beta of 0.76.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.07. MetLife had a return on equity of 21.00% and a net margin of 5.30%.The firm had revenue of $12.46 billion during the quarter, compared to analysts’ expectations of $18.64 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, research analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 3rd will be issued a dividend of $0.5675 per share. The ex-dividend date is Tuesday, February 3rd. This represents a $2.27 annualized dividend and a yield of 2.9%. MetLife’s dividend payout ratio is presently 42.75%.

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.