Danske Bank A S boosted its stake in MetLife, Inc. (NYSE:MET - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 381,171 shares of the financial services provider's stock after purchasing an additional 31,400 shares during the quarter. Danske Bank A S owned approximately 0.06% of MetLife worth $30,090,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of the business. Activest Wealth Management increased its stake in MetLife by 205.8% in the fourth quarter. Activest Wealth Management now owns 315 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 212 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in shares of MetLife by 790.0% during the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 356 shares of the financial services provider's stock valued at $29,000 after buying an additional 316 shares in the last quarter. Sound Income Strategies LLC increased its stake in MetLife by 58.9% in the 4th quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider's stock worth $29,000 after purchasing an additional 142 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new position in MetLife in the 3rd quarter worth approximately $32,000. Finally, Albion Financial Group UT purchased a new position in MetLife in the 4th quarter worth approximately $32,000. Institutional investors own 94.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. UBS Group lifted their price target on MetLife from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, April 9th. Barclays cut their price objective on MetLife from $92.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods reiterated a "moderate buy" rating and issued a $87.00 price objective on shares of MetLife in a research report on Thursday, March 26th. Wall Street Zen upgraded MetLife from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Finally, Evercore set a $96.00 price target on MetLife in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, MetLife presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.38.
Get Our Latest Stock Analysis on MET
MetLife Stock Up 0.2%
MET stock opened at $80.29 on Friday. MetLife, Inc. has a 1-year low of $67.33 and a 1-year high of $83.85. The business has a fifty day moving average price of $73.14 and a 200-day moving average price of $76.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $52.36 billion, a P/E ratio of 17.08, a P/E/G ratio of 0.71 and a beta of 0.78.
MetLife (NYSE:MET - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.15. MetLife had a return on equity of 21.81% and a net margin of 4.38%.The firm had revenue of $52.44 billion during the quarter, compared to analysts' expectations of $31.43 billion. During the same quarter in the previous year, the business earned $2.08 earnings per share. The company's revenue was up 27.6% on a year-over-year basis. Equities analysts forecast that MetLife, Inc. will post 9.87 earnings per share for the current fiscal year.
MetLife Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 12th will be given a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. This is a boost from MetLife's previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, May 12th. MetLife's dividend payout ratio (DPR) is currently 48.30%.
Trending Headlines about MetLife
Here are the key news stories impacting MetLife this week:
MetLife Company Profile
(
Free Report)
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.
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