Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of MetLife, Inc. (NYSE:MET – Free Report) by 54.5% through the third quarter, based on the corporate in its most up-to-date submitting with the Securities & Alternate Fee. The institutional investor owned 757 shares of the monetary companies supplier’s inventory after buying a further 267 shares through the interval. Thurston Springer Miller Herd & Titak Inc.’s holdings in MetLife have been value $62,000 as of its most up-to-date SEC submitting.
Different institutional traders and hedge funds have additionally modified their holdings of the corporate. GoalVest Advisory LLC grew its holdings in shares of MetLife by 73.3% through the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the monetary companies supplier’s inventory valued at $29,000 after buying a further 165 shares within the final quarter. Financial institution & Belief Co purchased a brand new stake in MetLife within the second quarter value $39,000. Crewe Advisors LLC elevated its place in MetLife by 602.5% through the second quarter. Crewe Advisors LLC now owns 562 shares of the monetary companies supplier’s inventory value $39,000 after shopping for a further 482 shares over the last quarter. Larson Monetary Group LLC elevated its place in MetLife by 72.6% through the second quarter. Larson Monetary Group LLC now owns 568 shares of the monetary companies supplier’s inventory value $40,000 after shopping for a further 239 shares over the last quarter. Lastly, Rise Advisors LLC elevated its place in MetLife by 114.7% through the first quarter. Rise Advisors LLC now owns 556 shares of the monetary companies supplier’s inventory value $41,000 after shopping for a further 297 shares over the last quarter. 89.81% of the inventory is at the moment owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
MET has been the subject of a number of analyst experiences. Financial institution of America lowered their goal worth on shares of MetLife from $99.00 to $96.00 and set a “purchase” ranking on the inventory in a analysis report on Thursday, August 1st. TD Cowen initiated protection on shares of MetLife in a analysis report on Wednesday, October ninth. They set a “purchase” ranking and a $97.00 goal worth on the inventory. Wells Fargo & Firm elevated their goal worth on shares of MetLife from $86.00 to $92.00 and gave the inventory an “obese” ranking in a analysis report on Thursday, October tenth. Jefferies Monetary Group elevated their goal worth on shares of MetLife from $89.00 to $95.00 and gave the inventory a “purchase” ranking in a analysis report on Friday, September twenty seventh. Lastly, Citigroup upped their worth goal on shares of MetLife from $83.00 to $89.00 and gave the corporate a “purchase” ranking in a report on Tuesday, July twenty third. One analysis analyst has rated the inventory with a maintain ranking and 13 have issued a purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat, the corporate presently has a median ranking of “Average Purchase” and a median goal worth of $88.46.
View Our Newest Inventory Evaluation on MET
MetLife Inventory Down 0.2 %
NYSE MET opened at $85.71 on Wednesday. The corporate has a debt-to-equity ratio of 0.56, a fast ratio of 0.16 and a present ratio of 0.16. The agency has a 50-day easy transferring common of $77.57 and a 200 day easy transferring common of $73.87. MetLife, Inc. has a twelve month low of $57.91 and a twelve month excessive of $86.94. The inventory has a market cap of $60.95 billion, a PE ratio of 29.45, a PEG ratio of 0.69 and a beta of 1.04.
MetLife (NYSE:MET – Get Free Report) final launched its earnings outcomes on Wednesday, July thirty first. The monetary companies supplier reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.15. The enterprise had income of $17.82 billion through the quarter, in comparison with analysts’ expectations of $18.57 billion. MetLife had a web margin of 4.23% and a return on fairness of 21.41%. The agency’s income was up 7.2% on a year-over-year foundation. Throughout the identical quarter final yr, the corporate earned $1.94 earnings per share. On common, analysis analysts forecast that MetLife, Inc. will put up 8.61 EPS for the present yr.
MetLife Dividend Announcement
The agency additionally not too long ago declared a quarterly dividend, which shall be paid on Monday, December sixteenth. Shareholders of document on Tuesday, November fifth shall be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized foundation and a yield of two.54%. The ex-dividend date is Tuesday, November fifth. MetLife’s dividend payout ratio is 74.91%.
MetLife Firm Profile
MetLife, Inc, a monetary companies firm, supplies insurance coverage, annuities, worker advantages, and asset administration companies worldwide. It operates by means of six segments: Retirement and Revenue Options; Group Advantages; Asia; Latin America; Europe, the Center East and Africa; and MetLife Holdings. The corporate presents life, dental, group short-and long-term incapacity, particular person incapacity, pet insurance coverage, unintended 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 basic and separate account, and artificial assured curiosity contracts, in addition to personal floating fee funding agreements.
Additional Studying
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