Sagespring Wealth Partners LLC Takes $437,000 Position in MetLife, Inc. (NYSE:MET)

Sagespring Wealth Partners LLC acquired a new stake in shares of MetLife, Inc. (NYSE:MET) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,332 shares of the financial services provider’s stock, valued at approximately $437,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. United Asset Strategies Inc. boosted its position in shares of MetLife by 1.1% during the fourth quarter. United Asset Strategies Inc. now owns 10,933 shares of the financial services provider’s stock valued at $895,000 after buying an additional 120 shares during the period. Barrett & Company Inc. lifted its position in shares of MetLife by 1.0% during the fourth quarter. Barrett & Company Inc. now owns 11,942 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 121 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of MetLife by 2.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 6,044 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 126 shares during the last quarter. Davis R M Inc. lifted its holdings in MetLife by 4.2% during the 4th quarter. Davis R M Inc. now owns 3,148 shares of the financial services provider’s stock valued at $258,000 after buying an additional 127 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its position in shares of MetLife by 3.0% during the fourth quarter. Daymark Wealth Partners LLC now owns 5,091 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 149 shares during the period. 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. Barclays dropped their price objective on MetLife from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company dropped their target price on shares of MetLife from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. UBS Group upped their price target on shares of MetLife from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of MetLife from $98.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, BMO Capital Markets assumed coverage on MetLife in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price target for the company. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $92.46.

MetLife Trading Down 0.4 %

NYSE MET opened at $72.65 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $79.86 and a two-hundred day simple moving average of $82.33. MetLife, Inc. has a 12-month low of $65.21 and a 12-month high of $89.05. The stock has a market cap of $49.49 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.65 and a beta of 0.89.

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

MetLife Company 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.