Trust Co. of Vermont Increases Position in MetLife, Inc. (MET)
Trust Co. of Vermont boosted its position in shares of MetLife, Inc. (NYSE:MET) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,036 shares of the financial services provider’s stock after buying an additional 120 shares during the period. Trust Co. of Vermont’s holdings in MetLife were worth $277,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC purchased a new position in shares of MetLife during the first quarter worth approximately $107,000. First Personal Financial Services boosted its position in shares of MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,300 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in shares of MetLife during the first quarter worth approximately $149,000. Institutional investors own 75.61% of the company’s stock.
Shares of MetLife, Inc. (NYSE:MET) traded up 0.42% during mid-day trading on Tuesday, reaching $47.78. The company’s stock had a trading volume of 2,143,098 shares. The company’s 50-day moving average is $49.32 and its 200 day moving average is $51.65. MetLife, Inc. has a 12 month low of $40.03 and a 12 month high of $58.09. The firm has a market cap of $50.78 billion, a price-to-earnings ratio of 562.12 and a beta of 1.46.
MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The firm had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that MetLife, Inc. will post $4.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, August 3rd. MetLife’s payout ratio is 1,777.98%.
A number of analysts recently weighed in on the company. BidaskClub upgraded MetLife from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a report on Saturday, July 1st. ValuEngine upgraded MetLife from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, TheStreet upgraded MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $59.17.
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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