One Capital Management LLC Acquires 10,660 Shares of MetLife, Inc. $MET

One Capital Management LLC boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,714 shares of the financial services provider’s stock after purchasing an additional 10,660 shares during the period. One Capital Management LLC’s holdings in MetLife were worth $12,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MET. Brighton Jones LLC lifted its stake in shares of MetLife by 9.0% in the 4th quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 351 shares during the last quarter. Caxton Associates LLP bought a new position in shares of MetLife in the 1st quarter valued at $307,000. Empowered Funds LLC lifted its stake in shares of MetLife by 187.6% in the 1st quarter. Empowered Funds LLC now owns 33,378 shares of the financial services provider’s stock valued at $2,680,000 after acquiring an additional 21,771 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of MetLife in the 2nd quarter valued at $404,000. Finally, Jump Financial LLC bought a new position in shares of MetLife in the 2nd quarter valued at $444,000. 94.99% of the stock is currently owned by institutional investors.

MetLife Stock Down 0.9%

Shares of NYSE:MET opened at $81.96 on Tuesday. The firm has a market cap of $52.74 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.62 and a beta of 0.78. 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, Inc. has a 12-month low of $67.33 and a 12-month high of $85.29. The business has a fifty day simple moving average of $76.75 and a 200 day simple moving average of $76.88.

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

MetLife Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders 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%. The ex-dividend date is Tuesday, May 12th. This is an increase from MetLife’s previous quarterly dividend of $0.57. MetLife’s dividend payout ratio (DPR) is 45.93%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price target on MetLife from $87.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. TD Cowen dropped their price target on MetLife from $91.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Evercore set a $96.00 price target on MetLife in a research note on Thursday, April 9th. Mizuho set a $95.00 price target on MetLife in a research note on Friday, May 8th. Finally, Piper Sandler increased 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. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.31.

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.