Quantinno Capital Management LP Increases Holdings in MetLife, Inc. $MET

Quantinno Capital Management LP boosted its position in MetLife, Inc. (NYSE:MET) by 21.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 621,375 shares of the financial services provider’s stock after purchasing an additional 109,004 shares during the period. Quantinno Capital Management LP’s holdings in MetLife were worth $43,944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in MetLife by 9.0% in the fourth quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 351 shares during the last quarter. Caxton Associates LLP bought a new position in shares of MetLife during the first quarter valued at about $307,000. Empowered Funds LLC increased its holdings in shares of MetLife by 187.6% in the first quarter. Empowered Funds LLC now owns 33,378 shares of the financial services provider’s stock worth $2,680,000 after buying an additional 21,771 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of MetLife in the second quarter worth about $404,000. Finally, Jump Financial LLC bought a new stake in shares of MetLife in the 2nd quarter valued at about $444,000. 94.99% of the stock is currently owned by institutional investors.

MetLife Trading Down 0.4%

MET opened at $97.10 on Thursday. MetLife, Inc. has a one year low of $67.33 and a one year high of $97.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The business has a 50 day simple moving average of $88.17 and a two-hundred day simple moving average of $79.90. The firm has a market capitalization of $62.48 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 0.75 and a beta of 0.78.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The firm had revenue of $14.18 billion for the quarter, compared to analyst estimates of $19.49 billion. MetLife had a return on equity of 22.60% and a net margin of 4.66%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. Analysts predict that MetLife, Inc. will post 9.89 EPS for the current year.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.4%. MetLife’s payout ratio is presently 45.93%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MET shares. Bank of America reduced their price target on MetLife from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. boosted their price objective on MetLife from $96.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wall Street Zen cut shares of MetLife from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group lifted their target price on shares of MetLife from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Evercore set a $96.00 price target on shares of MetLife in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and an average target price of $100.50.

MetLife Company Profile

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.