MetLife, Inc. (MET) Shares Bought by KLCM Advisors Inc.
KLCM Advisors Inc. raised its position in MetLife, Inc. (NYSE:MET) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,601 shares of the financial services provider’s stock after buying an additional 3,900 shares during the period. MetLife makes up 3.0% of KLCM Advisors Inc.’s holdings, making the stock its 17th largest position. KLCM Advisors Inc.’s holdings in MetLife were worth $10,649,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MET. Alpha Windward LLC raised its stake in MetLife by 0.9% in the first quarter. Alpha Windward LLC now owns 3,297 shares of the financial services provider’s stock worth $174,000 after buying an additional 29 shares during the period. Peoples Bank OH raised its position in shares of MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock worth $556,000 after buying an additional 50 shares during the last quarter. Holderness Investments Co. raised its position in shares of MetLife by 1.9% in the first quarter. Holderness Investments Co. now owns 5,379 shares of the financial services provider’s stock worth $284,000 after buying an additional 99 shares during the last quarter. Pettyjohn Wood & White Inc. raised its position in shares of MetLife by 1.5% in the first quarter. Pettyjohn Wood & White Inc. now owns 6,608 shares of the financial services provider’s stock worth $349,000 after buying an additional 100 shares during the last quarter. Finally, Sky Investment Group LLC raised its position in shares of MetLife by 0.6% in the first quarter. Sky Investment Group LLC now owns 15,944 shares of the financial services provider’s stock worth $842,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 74.53% of the company’s stock.
MetLife, Inc. (NYSE:MET) opened at 52.53 on Thursday. MetLife, Inc. has a 1-year low of $36.17 and a 1-year high of $58.09. The stock has a 50 day moving average price of $51.76 and a 200-day moving average price of $53.09. The firm’s market cap is $56.52 billion.
MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.19. MetLife had a negative net margin of 0.95% and a positive return on equity of 7.57%. The company had revenue of $16.27 billion for the quarter, compared to analysts’ expectations of $17.02 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. MetLife’s revenue for the quarter was down 11.7% on a year-over-year basis. Equities research analysts forecast that MetLife, Inc. will post $5.37 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Monday, May 8th were paid a $0.40 dividend. The ex-dividend date was Thursday, May 4th. This represents a $1.60 annualized dividend and a dividend yield of 3.05%. MetLife’s dividend payout ratio is -258.06%.
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A number of research analysts have commented on MET shares. Vetr lowered MetLife from a “strong-buy” rating to a “buy” rating and set a $55.49 price objective on the stock. in a research report on Monday, March 27th. TheStreet lowered MetLife from a “b-” rating to a “c” rating in a research report on Tuesday, May 16th. Zacks Investment Research upgraded MetLife from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Tuesday, April 11th. J P Morgan Chase & Co decreased their price objective on MetLife from $57.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, April 3rd. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $55.94.
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.
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