Sheaff Brock Investment Advisors LLC Has $898,000 Holdings in Metlife Inc (NYSE:MET)
Sheaff Brock Investment Advisors LLC lifted its stake in Metlife Inc (NYSE:MET) by 222.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,089 shares of the financial services provider’s stock after buying an additional 12,479 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Metlife were worth $898,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC raised its holdings in shares of Metlife by 117.3% in the 2nd quarter. CWM LLC now owns 2,725 shares of the financial services provider’s stock worth $135,000 after buying an additional 1,471 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Metlife by 14.3% during the 2nd quarter. Janus Henderson Group PLC now owns 304,998 shares of the financial services provider’s stock valued at $15,147,000 after purchasing an additional 38,109 shares in the last quarter. Signaturefd LLC increased its holdings in Metlife by 7.8% during the 2nd quarter. Signaturefd LLC now owns 6,413 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 463 shares in the last quarter. Advisor Group Inc. increased its holdings in Metlife by 3.1% during the 2nd quarter. Advisor Group Inc. now owns 178,473 shares of the financial services provider’s stock valued at $8,867,000 after purchasing an additional 5,444 shares in the last quarter. Finally, Abbrea Capital LLC acquired a new stake in Metlife during the 2nd quarter valued at $240,000. 75.13% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on MET. Wells Fargo & Co raised their price target on Metlife from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Zacks Investment Research raised Metlife from a “sell” rating to a “hold” rating and set a $51.00 price target for the company in a report on Friday, August 2nd. Morgan Stanley raised their price target on Metlife from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, July 10th. Citigroup set a $42.00 price target on Metlife and gave the company a “sell” rating in a report on Thursday, May 23rd. Finally, Barclays raised their price target on Metlife from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $50.91.
Metlife (NYSE:MET) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.07. The firm had revenue of $16.45 billion for the quarter, compared to analyst estimates of $16.43 billion. Metlife had a return on equity of 9.75% and a net margin of 9.28%. The business’s quarterly revenue was down 22.4% compared to the same quarter last year. During the same period last year, the company earned $1.30 EPS. On average, equities analysts expect that Metlife Inc will post 5.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 6th will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.76 dividend on an annualized basis and a yield of 3.88%. Metlife’s payout ratio is 32.65%.
Metlife Company Profile
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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