Entropy Technologies LP Invests $5.92 Million in MetLife, Inc. $MET

Entropy Technologies LP purchased a new position in MetLife, Inc. (NYSE:MET) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 74,932 shares of the financial services provider’s stock, valued at approximately $5,915,000.

Several other large investors have also recently modified their holdings of MET. Activest Wealth Management raised its position in shares of MetLife by 205.8% in the 4th quarter. Activest Wealth Management now owns 315 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 212 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in MetLife by 790.0% in the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 356 shares of the financial services provider’s stock worth $29,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC raised its position in MetLife by 58.9% in the 4th quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock worth $29,000 after buying an additional 142 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in MetLife in the 3rd quarter worth about $32,000. Finally, Albion Financial Group UT purchased a new position in MetLife in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Trending Headlines about MetLife

Here are the key news stories impacting MetLife this week:

• Positive Sentiment: MetLife expanded its settlement solutions business with a new deferred-payment offering for non-physical injury claims, suggesting continued product innovation and growth opportunities in a specialized insurance segment. MetLife Broadens Settlement Solutions Portfolio With NQA-FA
• Positive Sentiment: Analysts continue to view MetLife favorably, with a consensus recommendation of “Moderate Buy,” which can help reinforce investor confidence in the stock. MetLife, Inc. (NYSE:MET) Given Consensus Recommendation of “Moderate Buy” by Analysts

Analysts Set New Price Targets

MET has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on MetLife from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Mizuho set a $95.00 target price on MetLife in a research report on Friday, May 8th. Weiss Ratings raised MetLife from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. TD Cowen decreased their target price on MetLife from $91.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered MetLife from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, MetLife has a consensus rating of “Moderate Buy” and a consensus price target of $95.31.

MetLife Trading Up 1.3%

MetLife stock opened at $88.69 on Friday. The business has a 50-day simple moving average of $79.55 and a two-hundred day simple moving average of $77.40. The company has a market cap of $57.07 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.67 and a beta of 0.78. MetLife, Inc. has a 52-week low of $67.33 and a 52-week high of $89.44. 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 released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. The business had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $19.49 billion. MetLife had a return on equity of 22.60% and a net margin of 4.66%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. Analysts predict that MetLife, Inc. will post 9.98 EPS for the current year.

MetLife Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.5925 per share. The ex-dividend date was Tuesday, May 12th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from MetLife’s previous quarterly dividend of $0.57. MetLife’s dividend payout ratio is presently 45.93%.

MetLife Company Profile

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.