MetLife, Inc. $MET Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI reduced its stake in MetLife, Inc. (NYSE:METFree Report) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,178 shares of the financial services provider’s stock after selling 9,993 shares during the period. Citizens Financial Group Inc. RI’s holdings in MetLife were worth $1,277,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in MetLife by 205.8% in the 4th quarter. Activest Wealth Management now owns 315 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 212 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in MetLife by 790.0% in the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 356 shares of the financial services provider’s stock worth $29,000 after buying an additional 316 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in MetLife by 58.9% in the 4th quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock worth $29,000 after buying an additional 142 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in MetLife in the 3rd quarter worth $32,000. Finally, Albion Financial Group UT acquired a new position in MetLife in the 4th quarter worth $32,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MET has been the topic of a number of recent analyst reports. Bank of America cut their price objective on shares of MetLife from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Evercore set a $96.00 price objective on MetLife in a research note on Thursday, April 9th. Barclays lowered their price objective on MetLife from $92.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. TD Cowen lowered their price objective on MetLife from $91.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Finally, Mizuho lowered their price objective on MetLife from $100.00 to $93.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.38.

View Our Latest Stock Report on MET

MetLife News Summary

Here are the key news stories impacting MetLife this week:

MetLife Stock Performance

Shares of MetLife stock opened at $80.29 on Friday. The firm has a market cap of $52.36 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.71 and a beta of 0.78. The firm’s 50-day simple moving average is $73.14 and its 200-day simple moving average is $76.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.20 and a current ratio of 0.20. MetLife, Inc. has a 1 year low of $67.33 and a 1 year high of $83.85.

MetLife (NYSE:METGet Free Report) last issued its earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.15. The business had revenue of $52.44 billion for the quarter, compared to analyst estimates of $31.43 billion. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.08 EPS. Equities analysts forecast that MetLife, Inc. will post 9.87 earnings per share for the current fiscal year.

MetLife Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 12th will be paid a $0.5925 dividend. This is a boost from MetLife’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, May 12th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. MetLife’s dividend payout ratio (DPR) is currently 48.30%.

MetLife Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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