Monetary Management Group Inc. Holds Holdings in MetLife, Inc. (MET)
Monetary Management Group Inc. held its stake in shares of MetLife, Inc. (NYSE:MET) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the financial services provider’s stock at the close of the 2nd quarter. Monetary Management Group Inc.’s holdings in MetLife were worth $330,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of MET. Waldron LP grew its holdings in MetLife by 5.1% in the first quarter. Waldron LP now owns 6,492 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 315 shares during the period. Pettyjohn Wood & White Inc. grew its holdings 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 purchasing an additional 100 shares during the period. First Personal Financial Services grew its holdings 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 valued at $137,000 after purchasing an additional 266 shares during the period. Commerce Bank grew its holdings in MetLife by 4.9% in the first quarter. Commerce Bank now owns 32,071 shares of the financial services provider’s stock valued at $1,694,000 after purchasing an additional 1,512 shares during the period. Finally, CI Investments Inc. acquired a new stake in MetLife in the first quarter valued at approximately $158,000. 74.27% of the stock is currently owned by institutional investors.
Shares of MetLife, Inc. (NYSE:MET) traded up 0.84% during trading on Friday, reaching $53.02. The company had a trading volume of 5,112,059 shares. MetLife, Inc. has a 12 month low of $40.30 and a 12 month high of $53.27. The firm has a market capitalization of $56.35 billion, a P/E ratio of 623.76 and a beta of 1.47. The firm’s 50 day moving average price is $49.14 and its 200 day moving average price is $47.66.
MetLife (NYSE:MET) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. MetLife’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. Equities analysts predict that MetLife, Inc. will post $4.71 EPS for the current year.
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Several brokerages have commented on MET. Langen Mcalenn reissued a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a report on Monday, August 7th. BidaskClub raised MetLife from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $59.00 price objective on shares of MetLife in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. MetLife presently has a consensus rating of “Hold” and a consensus target price of $57.45.
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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