Mariner LLC Acquires 3,758 Shares of MetLife, Inc. (NYSE:MET)

Mariner LLC lifted its holdings in MetLife, Inc. (NYSE:MET) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,994 shares of the financial services provider’s stock after acquiring an additional 3,758 shares during the period. Mariner LLC’s holdings in MetLife were worth $12,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MET. Anchor Investment Management LLC lifted its stake in shares of MetLife by 12.5% in the 3rd quarter. Anchor Investment Management LLC now owns 6,115 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 681 shares during the last quarter. World Investment Advisors LLC bought a new stake in MetLife in the third quarter worth $336,000. Wilmington Savings Fund Society FSB purchased a new position in MetLife during the third quarter worth $701,000. Tidal Investments LLC raised its stake in shares of MetLife by 3.9% in the third quarter. Tidal Investments LLC now owns 19,282 shares of the financial services provider’s stock valued at $1,590,000 after acquiring an additional 718 shares during the period. Finally, Synovus Financial Corp lifted its holdings in shares of MetLife by 5.5% in the 3rd quarter. Synovus Financial Corp now owns 22,720 shares of the financial services provider’s stock worth $1,874,000 after acquiring an additional 1,183 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

MetLife Stock Performance

Shares of MET stock opened at $72.49 on Friday. The company’s 50 day moving average is $79.41 and its 200 day moving average is $82.19. 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 firm has a market cap of $49.38 billion, a price-to-earnings ratio of 12.14, 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 released its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing the consensus estimate 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 anticipate that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on MET shares. Piper Sandler upped their price target on shares of MetLife from $92.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Cowen reiterated a “buy” rating on shares of MetLife in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on MetLife from $88.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. UBS Group increased their target price on MetLife from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets began coverage on shares of MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 target price for the company. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.46.

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.