Dimensional Fund Advisors LP Cuts Stake in MetLife, Inc. $MET

Dimensional Fund Advisors LP lowered its stake in shares of MetLife, Inc. (NYSE:METFree Report) by 5.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,123,164 shares of the financial services provider’s stock after selling 383,075 shares during the period. Dimensional Fund Advisors LP’s holdings in MetLife were worth $503,645,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Activest Wealth Management raised its position in MetLife by 205.8% in the fourth quarter. Activest Wealth Management now owns 315 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 212 shares during the period. Sound Income Strategies LLC grew its position in shares of MetLife by 58.9% during the 4th quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 142 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in shares of MetLife during the 4th quarter valued at approximately $30,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of MetLife during the 4th quarter worth approximately $31,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of MetLife in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MET shares. JPMorgan Chase & Co. upped their price objective on MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods raised their target price on MetLife from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Atlantic Securities set a $103.00 target price on MetLife in a research note on Wednesday, July 15th. Weiss Ratings raised MetLife from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 15th. Finally, Jefferies Financial Group increased their price target on MetLife from $97.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. One investment 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.57.

View Our Latest Analysis on MetLife

MetLife Price Performance

NYSE:MET opened at $93.00 on Tuesday. MetLife, Inc. has a 52-week low of $67.33 and a 52-week high of $94.86. The stock has a fifty day moving average of $86.11 and a 200 day moving average of $79.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market capitalization of $59.84 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 0.72 and a beta of 0.78.

MetLife (NYSE:METGet Free Report) last announced its 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. 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%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. On average, research analysts expect that MetLife, Inc. will post 9.94 EPS for the current fiscal year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Tuesday, August 4th will be given a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, August 4th. MetLife’s dividend payout ratio is 45.93%.

MetLife News Roundup

Here are the key news stories impacting MetLife this week:

MetLife 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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