United Services Automobile Association lowered its stake in shares of MetLife, Inc. (NYSE:MET) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 632,878 shares of the financial services provider’s stock after selling 30,668 shares during the period. United Services Automobile Association owned about 0.06% of MetLife worth $33,429,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in MET. Alpha Windward LLC increased its position in shares of MetLife by 0.9% in the first quarter. Alpha Windward LLC now owns 3,297 shares of the financial services provider’s stock valued at $174,000 after buying an additional 29 shares during the period. Peoples Bank OH increased its stake in MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock valued at $556,000 after buying an additional 50 shares during the last quarter. Holderness Investments Co. increased its stake in MetLife by 1.9% in the first quarter. Holderness Investments Co. now owns 5,379 shares of the financial services provider’s stock valued at $284,000 after buying an additional 99 shares during the last quarter. Pettyjohn Wood & White Inc. increased its stake in MetLife by 1.5% in the first quarter. Pettyjohn Wood & White Inc. now owns 6,608 shares of the financial services provider’s stock valued at $349,000 after buying an additional 100 shares during the last quarter. Finally, Sky Investment Group LLC increased its stake in MetLife by 0.6% in the first quarter. Sky Investment Group LLC now owns 15,944 shares of the financial services provider’s stock valued at $842,000 after buying an additional 101 shares during the last quarter. 74.60% of the stock is owned by institutional investors.
Shares of MetLife, Inc. (NYSE MET) opened at 55.25 on Monday. The firm’s market cap is $59.45 billion. MetLife, Inc. has a 12-month low of $38.87 and a 12-month high of $58.09. The firm’s 50-day moving average price is $54.45 and its 200 day moving average price is $53.07.
MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.19. The business had revenue of $16.27 billion for the quarter, compared to analysts’ expectations of $17.02 billion. MetLife had a positive return on equity of 7.57% and a negative net margin of 0.95%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 earnings per share. On average, equities analysts expect that MetLife, Inc. will post $5.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, August 3rd. MetLife’s payout ratio is -258.06%.
TRADEMARK VIOLATION WARNING: This report was published by Stock Observer and is the property of of Stock Observer. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.thestockobserver.com/2017/07/31/metlife-inc-nysemet-position-reduced-by-united-services-automobile-association-updated-updated.html.
Several equities research analysts recently weighed in on the stock. TheStreet downgraded shares of MetLife from a “b-” rating to a “c” rating in a report on Tuesday, May 16th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a report on Saturday, July 1st. J P Morgan Chase & Co reduced their price objective on shares of MetLife from $57.00 to $54.00 and set an “overweight” rating for the company in a report on Monday, April 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of MetLife in a report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. MetLife has an average rating of “Hold” and an average price target of $59.03.
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
Receive News & Ratings for MetLife Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MetLife Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.