MetLife, Inc. (NYSE:MET) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in MetLife, Inc. (NYSE:MET) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,331 shares of the financial services provider’s stock after selling 5,153 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MetLife were worth $5,287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp acquired a new position in shares of MetLife during the first quarter worth $7,012,000. National Bank of Canada FI raised its position in shares of MetLife by 54.9% during the 1st quarter. National Bank of Canada FI now owns 371,062 shares of the financial services provider’s stock worth $26,983,000 after acquiring an additional 131,538 shares in the last quarter. Stifel Financial Corp lifted its stake in MetLife by 1.8% during the fourth quarter. Stifel Financial Corp now owns 2,005,738 shares of the financial services provider’s stock worth $132,641,000 after purchasing an additional 35,782 shares during the last quarter. Acadian Asset Management LLC acquired a new position in MetLife in the first quarter valued at approximately $1,053,000. Finally, International Assets Investment Management LLC increased its stake in MetLife by 2,313.7% in the first quarter. International Assets Investment Management LLC now owns 104,877 shares of the financial services provider’s stock valued at $7,772,000 after purchasing an additional 100,532 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Stock Down 0.3 %

Shares of NYSE:MET opened at $80.85 on Friday. MetLife, Inc. has a fifty-two week low of $57.91 and a fifty-two week high of $81.39. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. The firm’s 50-day simple moving average is $74.66 and its 200-day simple moving average is $72.62. The company has a market cap of $57.49 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 0.61 and a beta of 1.04.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.15. The company had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. MetLife had a return on equity of 21.41% and a net margin of 4.23%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.94 EPS. As a group, equities research analysts predict that MetLife, Inc. will post 8.67 earnings per share for the current year.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 6th were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, August 6th. MetLife’s dividend payout ratio (DPR) is currently 74.91%.

Analysts Set New Price Targets

MET has been the subject of several research analyst reports. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on MetLife from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. boosted their target price on MetLife from $81.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Morgan Stanley dropped their price target on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Finally, Citigroup boosted their price objective on MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.54.

About MetLife

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.