One Capital Management LLC Has $12.61 Million Position in MetLife, Inc. $MET

One Capital Management LLC increased its position in MetLife, Inc. (NYSE:MET) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 159,714 shares of the financial services provider’s stock after purchasing an additional 10,660 shares during the quarter. One Capital Management LLC’s holdings in MetLife were worth $12,608,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Providence Capital Advisors LLC acquired a new stake in shares of MetLife in the 3rd quarter valued at about $6,649,000. Nordea Investment Management AB grew its stake in shares of MetLife by 2.6% in the 4th quarter. Nordea Investment Management AB now owns 4,630,165 shares of the financial services provider’s stock valued at $366,524,000 after buying an additional 117,545 shares during the period. Varma Mutual Pension Insurance Co grew its stake in shares of MetLife by 21.9% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 137,956 shares of the financial services provider’s stock valued at $11,363,000 after buying an additional 24,800 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its stake in shares of MetLife by 6.5% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,358 shares of the financial services provider’s stock valued at $15,433,000 after buying an additional 11,469 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of MetLife in the 3rd quarter valued at about $8,091,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MET shares. Piper Sandler lifted their price target on MetLife from $81.00 to $86.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Morgan Stanley lifted their price target on MetLife from $89.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. lifted their price target on MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company lifted their price target on MetLife from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, UBS Group lifted their price target on MetLife from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.31.

MetLife Price Performance

Shares of NYSE MET opened at $81.96 on Tuesday. The stock’s 50 day moving average price is $76.75 and its 200-day moving average price is $76.88. The company has a market capitalization of $52.74 billion, a PE ratio of 15.88, a PEG ratio of 0.62 and a beta of 0.78. MetLife, Inc. has a twelve month low of $67.33 and a twelve month high of $85.29. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $19.49 billion. MetLife had a return on equity of 22.60% and a net margin of 4.66%.MetLife’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.96 earnings per share. On average, equities analysts anticipate that MetLife, Inc. will post 9.96 EPS for the current year.

MetLife Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 12th will be issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. This is an increase from MetLife’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, May 12th. MetLife’s dividend payout ratio is 45.93%.

About MetLife

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.