Partnervest Advisory Services LLC Buys Shares of 4,256 MetLife, Inc. (MET)
Partnervest Advisory Services LLC bought a new position in shares of MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 4,256 shares of the financial services provider’s stock, valued at approximately $234,000.
Several other hedge funds and other institutional investors have also bought and sold shares of MET. Signature Estate & Investment Advisors LLC acquired a new position in MetLife during the first quarter worth $107,000. First Personal Financial Services raised its position in 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 period. Westside Investment Management Inc. raised its position in 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 period. Parallel Advisors LLC raised its position in 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 period. Finally, First Mercantile Trust Co. purchased a new position in MetLife during the first quarter valued at approximately $149,000. 74.23% of the stock is owned by hedge funds and other institutional investors.
MetLife, Inc. (MET) opened at 46.73 on Wednesday. The firm has a market cap of $49.67 billion, a P/E ratio of 549.76 and a beta of 1.46. The stock’s 50 day moving average is $48.46 and its 200 day moving average is $47.25. MetLife, Inc. has a 12-month low of $37.17 and a 12-month high of $52.07.
MetLife (NYSE:MET) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. During the same quarter last year, the business posted $0.83 EPS. MetLife’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that MetLife, Inc. will post $4.83 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, August 3rd. MetLife’s dividend payout ratio is presently 1,777.98%.
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Several research firms have commented on MET. TheStreet lowered shares of MetLife from a “b-” rating to a “c” rating in a research note on Tuesday, May 16th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research note on Saturday, July 1st. Langen Mcalenn reaffirmed a “buy” rating on shares of MetLife in a research note on Wednesday, August 16th. FBR & Co reaffirmed a “buy” rating and set a $53.00 price objective on shares of MetLife in a research note on Tuesday. Finally, ValuEngine lowered shares of MetLife from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. MetLife presently has a consensus rating of “Hold” and a consensus price target of $58.95.
MetLife Company Profile
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, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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