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MetLife, Inc. $MET Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

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Key Points

  • Mitsubishi UFJ Asset Management raised its MetLife stake 4.4% to 1,172,050 shares (≈0.18%), worth about $94.1 million at quarter-end, and institutional investors now own roughly 95% of the stock.
  • Q1 results showed an EPS beat of $2.42 vs. $2.27 consensus—driven by investment income, improved private‑equity returns and strong Asia demand—while revenue missed expectations ($14.18B vs. ~$19.49B).
  • MetLife increased its quarterly dividend to $0.5925 (annualized $2.37, ~3.0% yield), and analysts hold a consensus "Moderate Buy" with an average price target of $93.69.
  • Interested in MetLife? Here are five stocks we like better.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of MetLife, Inc. (NYSE:MET - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,172,050 shares of the financial services provider's stock after acquiring an additional 49,640 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of MetLife worth $94,139,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MET. Vanguard Group Inc. grew its holdings in MetLife by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 72,555,335 shares of the financial services provider's stock worth $5,727,518,000 after acquiring an additional 7,805,814 shares during the period. AQR Capital Management LLC grew its holdings in MetLife by 105.3% during the third quarter. AQR Capital Management LLC now owns 3,305,620 shares of the financial services provider's stock worth $271,424,000 after acquiring an additional 1,695,563 shares during the period. First Trust Advisors LP grew its holdings in MetLife by 173.4% during the third quarter. First Trust Advisors LP now owns 1,641,253 shares of the financial services provider's stock worth $135,190,000 after acquiring an additional 1,040,894 shares during the period. Man Group plc grew its holdings in MetLife by 325.5% during the second quarter. Man Group plc now owns 1,344,551 shares of the financial services provider's stock worth $108,129,000 after acquiring an additional 1,028,554 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in MetLife during the fourth quarter worth about $81,494,000. 94.99% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting MetLife

Here are the key news stories impacting MetLife this week:

Analysts Set New Price Targets

A number of research firms recently issued reports on MET. Morgan Stanley lowered their target price on MetLife from $101.00 to $93.00 and set an "overweight" rating on the stock in a report on Tuesday, March 3rd. Mizuho dropped their price target on MetLife from $100.00 to $93.00 and set an "outperform" rating on the stock in a research note on Monday, April 13th. 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. TD Cowen dropped their price target on MetLife from $91.00 to $88.00 and set a "buy" rating on the stock in a research note on Wednesday, March 11th. Finally, Wells Fargo & Company dropped their price target on MetLife from $93.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, April 10th. One equities 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $93.69.

View Our Latest Report on MetLife

MetLife Stock Down 1.8%

MET opened at $78.75 on Friday. The business has a 50 day moving average price of $73.33 and a 200 day moving average price of $76.53. MetLife, Inc. has a twelve month low of $67.33 and a twelve month high of $83.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $51.35 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 0.71 and a beta of 0.78.

MetLife (NYSE:MET - Get Free Report) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.15. MetLife had a return on equity of 22.41% and a net margin of 4.66%.The firm had revenue of $14.18 billion during the quarter, compared to analyst estimates of $19.49 billion. During the same period in the previous year, the company earned $1.96 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts forecast that MetLife, Inc. will post 9.87 EPS for the current year.

MetLife Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 12th will be given a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. This is a positive change 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%.

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.

Further Reading

Institutional Ownership by Quarter for MetLife (NYSE:MET)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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