WINTON GROUP Ltd Acquires Shares of 11,149 MetLife, Inc. $MET

WINTON GROUP Ltd acquired a new stake in MetLife, Inc. (NYSE:METFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,149 shares of the financial services provider’s stock, valued at approximately $880,000.

Several other hedge funds also recently added to or reduced their stakes in MET. Norges Bank purchased a new position in MetLife in the fourth quarter valued at about $639,986,000. Vanguard Group Inc. raised its position in MetLife by 12.1% in the fourth quarter. Vanguard Group Inc. now owns 72,555,335 shares of the financial services provider’s stock valued at $5,727,518,000 after purchasing an additional 7,805,814 shares during the period. Pzena Investment Management LLC raised its position in MetLife by 22.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,883,338 shares of the financial services provider’s stock valued at $938,071,000 after purchasing an additional 2,211,315 shares during the period. AQR Capital Management LLC raised its position in MetLife by 105.3% in the third quarter. AQR Capital Management LLC now owns 3,305,620 shares of the financial services provider’s stock valued at $271,424,000 after purchasing an additional 1,695,563 shares during the period. Finally, First Trust Advisors LP raised its position in MetLife by 173.4% in the third quarter. First Trust Advisors LP now owns 1,641,253 shares of the financial services provider’s stock valued at $135,190,000 after purchasing an additional 1,040,894 shares during the period. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Piper Sandler raised their price objective on MetLife from $81.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Barclays raised their price objective on MetLife from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on MetLife from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Bank of America cut their price target on MetLife from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Mizuho set a $95.00 price target on MetLife in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.31.

Get Our Latest Stock Report on MET

MetLife News Roundup

Here are the key news stories impacting MetLife this week:

MetLife Trading Up 1.4%

NYSE:MET opened at $85.53 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. MetLife, Inc. has a one year low of $67.33 and a one year high of $85.76. The business’s 50-day simple moving average is $78.49 and its 200 day simple moving average is $77.15. The stock has a market cap of $55.03 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.63 and a beta of 0.78.

MetLife (NYSE:METGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $2.42 EPS for the quarter, topping the consensus estimate of $2.27 by $0.15. MetLife had a return on equity of 22.60% and a net margin of 4.66%.The business had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $19.49 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that MetLife, Inc. will post 9.98 earnings per share for the current fiscal year.

MetLife Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 12th were paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 2.8%. This is a positive change from MetLife’s previous quarterly dividend of $0.57. The ex-dividend date was Tuesday, May 12th. MetLife’s payout ratio is 45.93%.

MetLife Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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