MetLife, Inc. (NYSE:MET) Stake Raised by Fifth Third Bancorp

Fifth Third Bancorp grew its holdings in shares of MetLife, Inc. (NYSE:MET) by 0.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 85,244 shares of the financial services provider’s stock after purchasing an additional 422 shares during the quarter. Fifth Third Bancorp’s holdings in MetLife were worth $3,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its holdings in shares of MetLife by 36.5% during the second quarter. Flagship Harbor Advisors LLC now owns 1,844 shares of the financial services provider’s stock valued at $67,000 after buying an additional 493 shares during the last quarter. RMR Wealth Builders bought a new stake in shares of MetLife during the second quarter valued at approximately $68,000. Harbor Investment Advisory LLC raised its holdings in shares of MetLife by 22.6% during the third quarter. Harbor Investment Advisory LLC now owns 2,070 shares of the financial services provider’s stock valued at $77,000 after buying an additional 382 shares during the last quarter. MCF Advisors LLC bought a new stake in shares of MetLife during the second quarter valued at approximately $80,000. Finally, Nachman Norwood & Parrott Inc bought a new stake in shares of MetLife during the third quarter valued at approximately $93,000. 74.92% of the stock is currently owned by institutional investors.

NYSE MET opened at $45.87 on Friday. MetLife, Inc. has a twelve month low of $22.85 and a twelve month high of $53.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $41.28 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 1.67 and a beta of 1.28. The firm’s 50 day moving average price is $40.47 and its two-hundred day moving average price is $37.99.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.08. MetLife had a net margin of 8.82% and a return on equity of 8.25%. The firm had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16 billion. During the same period in the previous year, the company posted $1.27 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, research analysts forecast that MetLife, Inc. will post 5.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, November 3rd will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Monday, November 2nd. MetLife’s payout ratio is 30.11%.

A number of research analysts recently commented on MET shares. Morgan Stanley raised their price objective on shares of MetLife from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays started coverage on shares of MetLife in a research note on Tuesday, November 17th. They set an “overweight” rating and a $52.00 price objective on the stock. Argus reiterated a “buy” rating on shares of MetLife in a research note on Wednesday, August 19th. TheStreet upgraded shares of MetLife from a “c+” rating to a “b” rating in a research note on Thursday, November 5th. Finally, Credit Suisse Group lifted their price target on shares of MetLife from $46.00 to $55.00 and gave the stock a “positive” rating in a research report on Tuesday, November 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. MetLife presently has a consensus rating of “Buy” and an average price target of $44.88.

About MetLife

MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses worldwide. 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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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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