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Robeco Institutional Asset Management B.V. Acquires 30,902 Shares of MetLife, Inc. $MET

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Key Points

  • Robeco Institutional Asset Management increased its stake in MetLife by 69.4%, acquiring 30,902 shares in Q4 to hold 75,443 shares worth about $5.955 million.
  • Institutional investors collectively own 94.99% of MetLife's stock, with several other funds modestly growing their positions in recent quarters.
  • MetLife beat quarterly EPS estimates ($2.49 vs. $2.34) and posted a 27.6% YoY revenue gain, while analysts maintain a consensus "Moderate Buy" with a consensus price target of $93.38.
  • Five stocks to consider instead of MetLife.

Robeco Institutional Asset Management B.V. raised its holdings in shares of MetLife, Inc. (NYSE:MET - Free Report) by 69.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,443 shares of the financial services provider's stock after acquiring an additional 30,902 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in MetLife were worth $5,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. raised its holdings in MetLife by 3.6% during the 3rd quarter. Blue Trust Inc. now owns 3,585 shares of the financial services provider's stock valued at $295,000 after acquiring an additional 125 shares during the period. Trustmark Bank Trust Department grew its position in shares of MetLife by 4.6% during the 3rd quarter. Trustmark Bank Trust Department now owns 2,870 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 127 shares in the last quarter. Daymark Wealth Partners LLC grew its position in shares of MetLife by 4.2% during the 3rd quarter. Daymark Wealth Partners LLC now owns 3,192 shares of the financial services provider's stock valued at $263,000 after purchasing an additional 130 shares in the last quarter. Cornerstone Wealth Group LLC grew its position in shares of MetLife by 4.9% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 2,790 shares of the financial services provider's stock valued at $230,000 after purchasing an additional 130 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of MetLife by 1.9% during the 3rd quarter. UMB Bank n.a. now owns 7,040 shares of the financial services provider's stock valued at $580,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 94.99% of the company's stock.

Key Headlines Impacting MetLife

Here are the key news stories impacting MetLife this week:

MetLife Stock Performance

NYSE MET opened at $77.55 on Thursday. The company has a 50-day simple moving average of $73.07 and a two-hundred day simple moving average of $76.88. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.52. MetLife, Inc. has a 12-month low of $67.33 and a 12-month high of $83.85. The firm has a market cap of $50.57 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 0.68 and a beta of 0.74.

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 (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.15. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The business had revenue of $52.44 billion during the quarter, compared to analyst estimates of $31.43 billion. During the same period in the prior year, the business posted $2.08 earnings per share. The company's revenue was up 27.6% on a year-over-year basis. On average, equities analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a "moderate buy" rating and set a $87.00 price target on shares of MetLife in a research report on Thursday, March 26th. UBS Group boosted their price target on shares of MetLife from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, April 9th. Wells Fargo & Company reduced their price target on shares of MetLife from $93.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, April 10th. Barclays reduced their price target on shares of MetLife from $92.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. Finally, Bank of America reduced their price target on shares of MetLife from $103.00 to $99.00 and set a "buy" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.38.

Read Our Latest Stock Report on MetLife

MetLife 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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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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