Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Metlife Inc (NYSE:MET) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,747 shares of the financial services provider’s stock, valued at approximately $202,000.
A number of other large investors have also added to or reduced their stakes in the business. Dana Investment Advisors Inc. acquired a new position in shares of Metlife in the fourth quarter valued at approximately $450,000. Prudential Financial Inc. grew its position in shares of Metlife by 13.6% in the fourth quarter. Prudential Financial Inc. now owns 5,202,203 shares of the financial services provider’s stock valued at $213,603,000 after purchasing an additional 620,879 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in shares of Metlife by 2.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 36,468 shares of the financial services provider’s stock valued at $1,497,000 after purchasing an additional 880 shares during the last quarter. MML Investors Services LLC grew its position in shares of Metlife by 22.3% in the fourth quarter. MML Investors Services LLC now owns 69,961 shares of the financial services provider’s stock valued at $2,873,000 after purchasing an additional 12,779 shares during the last quarter. Finally, Premier Asset Management LLC acquired a new position in shares of Metlife in the fourth quarter valued at approximately $1,785,000. Hedge funds and other institutional investors own 76.88% of the company’s stock.
MET has been the topic of several research reports. Bank of America raised Metlife from a “neutral” rating to a “buy” rating and set a $44.06 target price on the stock in a research report on Wednesday, January 16th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Metlife in a research report on Tuesday, January 8th. Argus reaffirmed a “buy” rating on shares of Metlife in a research report on Tuesday, February 12th. UBS Group upped their target price on Metlife from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Finally, Sandler O’Neill downgraded Metlife from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.76.
Shares of NYSE:MET opened at $45.81 on Thursday. The company has a market cap of $44.22 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.98 and a beta of 1.18. Metlife Inc has a 1 year low of $37.76 and a 1 year high of $48.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.14.
Metlife (NYSE:MET) last issued its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.84 billion. Metlife had a return on equity of 10.24% and a net margin of 7.53%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, analysts anticipate that Metlife Inc will post 5.48 EPS for the current fiscal year.
Metlife Company Profile
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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