Vinva Investment Management Ltd Acquires 22,036 Shares of MetLife, Inc. $MET

Vinva Investment Management Ltd raised its holdings in shares of MetLife, Inc. (NYSE:MET) by 124.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,794 shares of the financial services provider’s stock after purchasing an additional 22,036 shares during the quarter. Vinva Investment Management Ltd’s holdings in MetLife were worth $3,198,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in MetLife by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,488,146 shares of the financial services provider’s stock valued at $2,126,734,000 after buying an additional 1,824,907 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of MetLife by 6.8% in the second quarter. Pzena Investment Management LLC now owns 9,144,635 shares of the financial services provider’s stock valued at $735,412,000 after acquiring an additional 585,671 shares during the period. Ameriprise Financial Inc. grew its stake in shares of MetLife by 3.6% in the first quarter. Ameriprise Financial Inc. now owns 7,406,512 shares of the financial services provider’s stock valued at $594,410,000 after acquiring an additional 259,993 shares in the last quarter. Northern Trust Corp increased its position in MetLife by 0.8% during the first quarter. Northern Trust Corp now owns 7,109,423 shares of the financial services provider’s stock worth $570,816,000 after acquiring an additional 57,221 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in MetLife by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,671,435 shares of the financial services provider’s stock worth $535,568,000 after purchasing an additional 236,698 shares in the last quarter. 94.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wolfe Research raised shares of MetLife to a “strong-buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company dropped their price objective on MetLife from $96.00 to $92.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Morgan Stanley raised their price target on MetLife from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MetLife in a research report on Monday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of MetLife from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.60.

MetLife Stock Performance

Shares of MetLife stock opened at $76.33 on Friday. The company’s 50 day moving average price is $79.06 and its two-hundred day moving average price is $78.83. The firm has a market capitalization of $50.29 billion, a P/E ratio of 12.94, a P/E/G ratio of 0.70 and a beta of 0.87. 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.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.07. MetLife had a return on equity of 19.88% and a net margin of 5.83%.The company had revenue of $12.46 billion for the quarter, compared to the consensus estimate of $18.64 billion. During the same quarter last year, the business posted $1.95 EPS. MetLife’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th will be issued a $0.5675 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, November 4th. MetLife’s dividend payout ratio (DPR) is 42.75%.

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.