5,621 Shares in MetLife, Inc. (MET) Acquired by Parkwood LLC
Parkwood LLC acquired a new stake in MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,621 shares of the financial services provider’s stock, valued at approximately $309,000.
A number of other large investors have also recently bought and sold shares of the company. First National Bank of Omaha purchased a new stake in MetLife during the first quarter valued at $206,000. Alpha Windward LLC boosted its stake in MetLife by 0.9% in the first quarter. Alpha Windward LLC now owns 3,297 shares of the financial services provider’s stock valued at $174,000 after buying an additional 29 shares in the last quarter. BKD Wealth Advisors LLC purchased a new stake in MetLife during the first quarter valued at $210,000. Atria Investments LLC boosted its stake in MetLife by 2.6% in the first quarter. Atria Investments LLC now owns 18,914 shares of the financial services provider’s stock valued at $999,000 after buying an additional 488 shares in the last quarter. Finally, Baldwin Brothers Inc. MA boosted its stake in MetLife by 42,751.8% in the first quarter. Baldwin Brothers Inc. MA now owns 107,558 shares of the financial services provider’s stock valued at $5,681,000 after buying an additional 107,307 shares in the last quarter. 75.61% of the stock is owned by institutional investors and hedge funds.
Shares of MetLife, Inc. (NYSE:MET) traded up 0.50% on Wednesday, reaching $48.02. 3,054,244 shares of the company were exchanged. MetLife, Inc. has a 12-month low of $40.07 and a 12-month high of $58.09. The firm has a market capitalization of $51.04 billion, a PE ratio of 564.94 and a beta of 1.46. The stock’s 50-day moving average is $49.19 and its 200 day moving average is $51.59.
MetLife (NYSE:MET) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. On average, analysts forecast that MetLife, Inc. will post $4.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be given a $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.35%. MetLife’s payout ratio is 1,777.98%.
MET has been the subject of several recent analyst reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Tuesday, April 18th. Zacks Investment Research cut shares of MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. TheStreet cut shares of MetLife from a “b-” rating to a “c” rating in a research report on Tuesday, May 16th. FBR & Co raised shares of MetLife from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $54.00 to $58.00 in a research report on Thursday, May 25th. Finally, BidaskClub raised shares of MetLife from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus 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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