Advisory Services Network LLC Buys 2,018 Shares of MetLife, Inc. (NYSE:MET)

Advisory Services Network LLC boosted its position in MetLife, Inc. (NYSE:MET) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,061 shares of the financial services provider’s stock after purchasing an additional 2,018 shares during the quarter. Advisory Services Network LLC’s holdings in MetLife were worth $3,198,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of MetLife during the 4th quarter worth approximately $32,000. Sierra Ocean LLC acquired a new position in shares of MetLife during the fourth quarter worth $32,000. Graney & King LLC purchased a new stake in shares of MetLife during the 4th quarter valued at $34,000. Values First Advisors Inc. acquired a new stake in shares of MetLife in the 4th quarter worth $36,000. Finally, Golden State Wealth Management LLC purchased a new position in MetLife during the 4th quarter worth $44,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MET. Piper Sandler raised their price target on MetLife from $92.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their target price on shares of MetLife from $98.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. Wells Fargo & Company cut their price target on shares of MetLife from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday. Morgan Stanley lowered their price objective on shares of MetLife from $109.00 to $94.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Cowen reissued a “buy” rating on shares of MetLife in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, MetLife currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

MetLife Stock Down 5.8 %

Shares of MET opened at $70.87 on Friday. The stock’s 50-day moving average price is $80.59 and its 200-day moving average price is $82.52. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $48.28 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.65 and a beta of 0.89. MetLife, Inc. has a 52 week low of $65.21 and a 52 week high of $89.05.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. On average, sell-side analysts predict that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.