ABN Amro Investment Solutions Has $18.28 Million Holdings in MetLife, Inc. $MET

ABN Amro Investment Solutions raised its position in MetLife, Inc. (NYSE:MET) by 34.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 231,573 shares of the financial services provider’s stock after acquiring an additional 58,961 shares during the period. ABN Amro Investment Solutions’ holdings in MetLife were worth $18,280,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MET. Brighton Jones LLC boosted its position in shares of MetLife by 9.0% during the fourth quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock valued at $347,000 after buying an additional 351 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of MetLife during the first quarter valued at approximately $307,000. Empowered Funds LLC boosted its position in shares of MetLife by 187.6% during the first quarter. Empowered Funds LLC now owns 33,378 shares of the financial services provider’s stock valued at $2,680,000 after buying an additional 21,771 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of MetLife during the second quarter valued at approximately $404,000. Finally, Jump Financial LLC purchased a new position in shares of MetLife during the second quarter valued at approximately $444,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MET shares. Evercore set a $96.00 target price on MetLife in a research report on Thursday, April 9th. Bank of America cut their target price on MetLife from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings upgraded MetLife from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Wall Street Zen lowered MetLife from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Mizuho set a $95.00 price target on MetLife in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.15.

MetLife Stock Performance

Shares of MetLife stock opened at $82.47 on Thursday. The business’s fifty day simple moving average is $74.50 and its 200 day simple moving average is $76.59. The firm has a market capitalization of $53.06 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 0.61 and a beta of 0.78. MetLife, Inc. has a 12 month low of $67.33 and a 12 month high of $83.85. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The business 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%.MetLife’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.96 earnings per share. As a group, analysts anticipate that MetLife, Inc. will post 9.92 EPS for the current year.

MetLife Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 12th will be paid a $0.5925 dividend. The ex-dividend date is Tuesday, May 12th. This is a boost from MetLife’s previous quarterly dividend of $0.57. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. MetLife’s dividend payout ratio is presently 45.93%.

MetLife 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.