MetLife, Inc. (NYSE:MET) Stock Holdings Increased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of MetLife, Inc. (NYSE:MET) by 96.1% during the second quarter, Holdings Channel reports. The fund owned 132,710 shares of the financial services provider’s stock after acquiring an additional 65,045 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in MetLife were worth $7,941,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank grew its holdings in shares of MetLife by 49.7% in the 2nd quarter. Sandy Spring Bank now owns 536 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 178 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in MetLife by 1.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 10,969 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 185 shares during the last quarter. Kaizen Financial Strategies grew its holdings in MetLife by 1.6% during the 1st quarter. Kaizen Financial Strategies now owns 12,182 shares of the financial services provider’s stock worth $741,000 after acquiring an additional 191 shares during the last quarter. Jacobi Capital Management LLC grew its holdings in MetLife by 2.2% during the 1st quarter. Jacobi Capital Management LLC now owns 8,994 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 196 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in MetLife by 8.0% during the 1st quarter. Quadrant Capital Group LLC now owns 2,668 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 197 shares during the last quarter. Institutional investors and hedge funds own 74.60% of the company’s stock.

Shares of NYSE:MET opened at $60.78 on Wednesday. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.02 and a beta of 1.31. The firm’s 50 day simple moving average is $59.96 and its 200 day simple moving average is $61.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.15 and a quick ratio of 0.15. MetLife, Inc. has a fifty-two week low of $35.19 and a fifty-two week high of $67.68.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, August 4th. The financial services provider reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.76. The business had revenue of $18.52 billion for the quarter, compared to the consensus estimate of $15.84 billion. MetLife had a net margin of 6.61% and a return on equity of 10.78%. MetLife’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Equities research analysts expect that MetLife, Inc. will post 7.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 14th. Shareholders of record on Tuesday, August 10th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.16%. MetLife’s dividend payout ratio (DPR) is currently 31.17%.

MetLife announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 4th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts have commented on the stock. TheStreet raised shares of MetLife from a “c+” rating to a “b” rating in a report on Wednesday, August 4th. Zacks Investment Research raised shares of MetLife from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Tuesday, June 15th. Morgan Stanley raised their target price on shares of MetLife from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, August 5th. Finally, raised their target price on shares of MetLife from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, June 21st. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $64.92.

MetLife Company Profile

MetLife, Inc provides insurance and financial services to individual and institutional customers. It offers life insurance, annuities, automobile and homeowner’s insurance and retail banking services to individuals as well as group insurance, reinsurance and retirement and savings products and services.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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