AGF Administration Ltd. lessened its stake in shares of MetLife, Inc. (NYSE:MET – Free Report) by 7.6% in the course of the second quarter, in accordance with the corporate in its most up-to-date 13F submitting with the SEC. The fund owned 249,132 shares of the monetary providers supplier’s inventory after promoting 20,503 shares in the course of the quarter. AGF Administration Ltd.’s holdings in MetLife have been value $17,487,000 on the finish of the latest reporting interval.
A number of different hedge funds have additionally made modifications to their positions within the enterprise. Vanguard Group Inc. boosted its holdings in shares of MetLife by 3.4% in the course of the first quarter. Vanguard Group Inc. now owns 59,622,348 shares of the monetary providers supplier’s inventory value $4,418,612,000 after buying an extra 1,974,268 shares over the last quarter. Norges Financial institution acquired a brand new stake in shares of MetLife in the course of the fourth quarter value $558,460,000. Nordea Funding Administration AB boosted its holdings in shares of MetLife by 4.1% in the course of the first quarter. Nordea Funding Administration AB now owns 2,772,751 shares of the monetary providers supplier’s inventory value $205,544,000 after buying an extra 108,739 shares over the last quarter. Bessemer Group Inc. boosted its holdings in shares of MetLife by 29.7% in the course of the first quarter. Bessemer Group Inc. now owns 2,120,275 shares of the monetary providers supplier’s inventory value $157,133,000 after buying an extra 485,811 shares over the last quarter. Lastly, AustralianSuper Pty Ltd boosted its holdings in shares of MetLife by 0.8% in the course of the second quarter. AustralianSuper Pty Ltd now owns 2,063,607 shares of the monetary providers supplier’s inventory value $144,845,000 after buying an extra 16,985 shares over the last quarter. Institutional traders and hedge funds personal 89.81% of the corporate’s inventory.
MetLife Inventory Up 0.1 %
Shares of MetLife inventory opened at $74.74 on Thursday. The enterprise has a 50-day transferring common of $73.62 and a 200-day transferring common of $72.20. The corporate has a debt-to-equity ratio of 0.56, a present ratio of 0.16 and a fast ratio of 0.16. The corporate has a market capitalization of $53.15 billion, a PE ratio of 25.68, a P/E/G ratio of 0.59 and a beta of 1.04. MetLife, Inc. has a 1-year low of $57.91 and a 1-year excessive of $79.34.
MetLife (NYSE:MET – Get Free Report) final introduced its earnings outcomes on Wednesday, July thirty first. The monetary providers supplier reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.15. The corporate had income of $17.82 billion in the course of the quarter, in comparison with the consensus estimate of $18.57 billion. MetLife had a return on fairness of 21.41% and a internet margin of 4.23%. The corporate’s income was up 7.2% on a year-over-year foundation. Throughout the identical interval final 12 months, the agency earned $1.94 earnings per share. As a bunch, equities analysts forecast that MetLife, Inc. will publish 8.67 EPS for the present fiscal 12 months.
MetLife Dividend Announcement
The agency additionally just lately introduced a quarterly dividend, which was paid on Tuesday, September tenth. Stockholders of document on Tuesday, August sixth have been paid a dividend of $0.545 per share. The ex-dividend date was Tuesday, August sixth. This represents a $2.18 annualized dividend and a dividend yield of two.92%. MetLife’s dividend payout ratio is presently 74.91%.
Analyst Rankings Modifications
A number of analysis analysts just lately weighed in on MET shares. Financial institution of America lower their goal worth on MetLife from $99.00 to $96.00 and set a “purchase” ranking on the inventory in a analysis report on Thursday, August 1st. Morgan Stanley lower their goal worth on MetLife from $86.00 to $85.00 and set an “chubby” ranking on the inventory in a analysis report on Monday, August nineteenth. Jefferies Monetary Group elevated their goal worth on MetLife from $83.00 to $86.00 and gave the inventory a “purchase” ranking in a analysis report on Thursday, July 18th. Wells Fargo & Firm elevated their goal worth on MetLife from $85.00 to $86.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, August twelfth. Lastly, Barclays began protection on MetLife in a analysis report on Wednesday, September 4th. They issued an “chubby” ranking and a $91.00 goal worth on the inventory. Two equities analysis analysts have rated the inventory with a maintain ranking and twelve have given a purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, the inventory presently has a median ranking of “Reasonable Purchase” and a consensus worth goal of $84.54.
Learn Our Newest Evaluation on MET
MetLife Firm Profile
MetLife, Inc, a monetary providers firm, offers insurance coverage, annuities, worker advantages, and asset administration providers worldwide. It operates via six segments: Retirement and Earnings Options; Group Advantages; Asia; Latin America; Europe, the Center East and Africa; and MetLife Holdings. The corporate affords life, dental, group short-and long-term incapacity, particular person incapacity, pet insurance coverage, unintentional loss of life and dismemberment, imaginative and prescient, and accident and well being coverages, in addition to pay as you go authorized plans; administrative services-only preparations to employers; and common and separate account, and artificial assured curiosity contracts, in addition to non-public floating charge funding agreements.
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