Paragon Capital Management Ltd Buys Shares of 4,618 MetLife, Inc. (MET)
Paragon Capital Management Ltd bought a new stake in shares of MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,618 shares of the financial services provider’s stock, valued at approximately $254,000.
A number of other large investors have also recently made changes to their positions in MET. First National Bank of Omaha purchased a new stake in shares of MetLife during the first quarter valued at $206,000. Alpha Windward LLC increased its stake in shares of 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 during the period. Prospera Financial Services Inc purchased a new stake in shares of MetLife during the first quarter valued at $1,525,000. Private Bank & Trust Co. increased its stake in shares of MetLife by 22.2% in the first quarter. Private Bank & Trust Co. now owns 11,884 shares of the financial services provider’s stock valued at $628,000 after buying an additional 2,161 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in shares of MetLife during the first quarter valued at $501,000. Institutional investors own 75.61% of the company’s stock.
MetLife, Inc. (NYSE MET) traded up 0.36% on Tuesday, reaching $47.75. 2,792,674 shares of the company were exchanged. The stock has a 50-day moving average price of $49.32 and a 200 day moving average price of $51.65. MetLife, Inc. has a 52 week low of $40.03 and a 52 week high of $58.09. The stock has a market capitalization of $50.75 billion, a price-to-earnings ratio of 561.76 and a beta of 1.46.
MetLife (NYSE:MET) last issued its quarterly 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 firm had revenue of $17.39 billion during the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. MetLife’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. Analysts forecast that MetLife, Inc. will post $4.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Thursday, August 3rd. MetLife’s dividend payout ratio is currently 1,777.98%.
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MET has been the subject of several recent analyst reports. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a research note on Tuesday, April 18th. Zacks Investment Research downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. TheStreet downgraded shares of MetLife from a “b-” rating to a “c” rating in a research note on Tuesday, May 16th. FBR & Co upgraded shares of MetLife from a “market perform” rating to an “outperform” rating and raised their target price for the company from $54.00 to $58.00 in a research note on Thursday, May 25th. Finally, BidaskClub upgraded shares of MetLife from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock 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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