AG2R LA Mondiale Gestion D Actifs Purchases 549 Shares of MetLife, Inc. $MET

AG2R LA Mondiale Gestion D Actifs raised its position in shares of MetLife, Inc. (NYSE:MET) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,134 shares of the financial services provider’s stock after acquiring an additional 549 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in MetLife were worth $1,860,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Csenge Advisory Group boosted its holdings in shares of MetLife by 1.0% during the first quarter. Csenge Advisory Group now owns 13,647 shares of the financial services provider’s stock worth $1,096,000 after acquiring an additional 131 shares during the period. Delta Investment Management LLC boosted its holdings in shares of MetLife by 0.9% during the first quarter. Delta Investment Management LLC now owns 14,265 shares of the financial services provider’s stock worth $1,145,000 after acquiring an additional 133 shares during the period. Ignite Planners LLC grew its position in MetLife by 2.2% during the second quarter. Ignite Planners LLC now owns 6,366 shares of the financial services provider’s stock worth $491,000 after buying an additional 136 shares in the last quarter. Glenview Trust co grew its position in MetLife by 0.4% during the first quarter. Glenview Trust co now owns 38,333 shares of the financial services provider’s stock worth $3,078,000 after buying an additional 141 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in MetLife by 1.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 14,902 shares of the financial services provider’s stock worth $1,198,000 after buying an additional 148 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MET shares. Cowen reissued a “buy” rating on shares of MetLife in a research report on Friday, August 22nd. JPMorgan Chase & Co. increased their price target on MetLife from $86.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Morgan Stanley upped their target price on MetLife from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of MetLife in a research note on Saturday. Finally, Barclays upped their target price on MetLife from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.18.

MetLife Stock Up 0.7%

NYSE MET opened at $78.71 on Friday. The business has a fifty day moving average price of $80.37 and a two-hundred day moving average price of $78.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $89.05. The stock has a market capitalization of $52.34 billion, a PE ratio of 13.34, a PEG ratio of 0.71 and a beta of 0.86.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). MetLife had a net margin of 5.83% and a return on equity of 19.88%. The firm had revenue of $17.34 billion during the quarter, compared to the consensus estimate of $18.58 billion. During the same quarter in the previous year, the company posted $2.28 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Equities analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 4th will be paid a $0.5675 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 4th. MetLife’s dividend payout ratio is presently 38.47%.

About MetLife

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.