Metlife Inc (MET) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Metlife Inc (NYSE:MET) by 4.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,964 shares of the financial services provider’s stock after acquiring an additional 2,128 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Metlife were worth $2,382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MET. Dana Investment Advisors Inc. acquired a new position in Metlife during the fourth quarter worth approximately $450,000. Belpointe Asset Management LLC increased its position in Metlife by 169.9% during the fourth quarter. Belpointe Asset Management LLC now owns 14,593 shares of the financial services provider’s stock worth $599,000 after buying an additional 9,187 shares during the period. MML Investors Services LLC increased its position in Metlife by 22.3% during the fourth quarter. MML Investors Services LLC now owns 69,961 shares of the financial services provider’s stock worth $2,873,000 after buying an additional 12,779 shares during the period. Prudential Financial Inc. increased its position in Metlife by 13.6% during the fourth quarter. Prudential Financial Inc. now owns 5,202,203 shares of the financial services provider’s stock worth $213,603,000 after buying an additional 620,879 shares during the period. Finally, Sumitomo Life Insurance Co. increased its position in Metlife by 2.5% during the fourth quarter. Sumitomo Life Insurance Co. now owns 36,468 shares of the financial services provider’s stock worth $1,497,000 after buying an additional 880 shares during the period. 77.77% of the stock is currently owned by institutional investors and hedge funds.

MET has been the topic of several research analyst reports. Argus reaffirmed a “buy” rating on shares of Metlife in a research report on Tuesday, February 12th. UBS Group lifted their price target on Metlife from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Sandler O’Neill lowered Metlife from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research report on Tuesday, March 19th. ValuEngine lowered Metlife from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research lowered Metlife from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Metlife has a consensus rating of “Hold” and an average price target of $52.76.

Shares of MET stock opened at $47.33 on Friday. Metlife Inc has a twelve month low of $37.76 and a twelve month high of $48.92. The company has a market capitalization of $45.28 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 1.00 and a beta of 1.21. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.24.

Metlife (NYSE:MET) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.18. Metlife had a return on equity of 10.20% and a net margin of 7.56%. The company had revenue of $15.45 billion for the quarter, compared to the consensus estimate of $15.95 billion. During the same period last year, the business posted $1.36 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Metlife Inc will post 5.61 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, May 7th will be paid a $0.44 dividend. This is an increase from Metlife’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, May 6th. Metlife’s dividend payout ratio (DPR) is 32.65%.

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Metlife 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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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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