Moody Aldrich Partners LLC Buys 658 Shares of Metlife Inc (NYSE:MET)

Moody Aldrich Partners LLC increased its stake in Metlife Inc (NYSE:MET) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,433 shares of the financial services provider’s stock after buying an additional 658 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Metlife were worth $1,002,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Railway Pension Investments Ltd lifted its position in Metlife by 1.6% in the second quarter. Railway Pension Investments Ltd now owns 801,952 shares of the financial services provider’s stock worth $29,287,000 after buying an additional 12,500 shares during the last quarter. Swiss National Bank lifted its position in shares of Metlife by 20.9% during the first quarter. Swiss National Bank now owns 3,033,876 shares of the financial services provider’s stock worth $92,746,000 after purchasing an additional 524,100 shares during the last quarter. SPF Beheer BV lifted its position in shares of Metlife by 12.5% during the first quarter. SPF Beheer BV now owns 1,959,165 shares of the financial services provider’s stock worth $59,892,000 after purchasing an additional 218,399 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Metlife by 135.3% during the first quarter. Engineers Gate Manager LP now owns 42,984 shares of the financial services provider’s stock worth $1,314,000 after purchasing an additional 24,715 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Metlife by 2.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 145,505 shares of the financial services provider’s stock worth $4,448,000 after purchasing an additional 3,389 shares during the last quarter. Institutional investors own 74.67% of the company’s stock.

Several research firms have recently weighed in on MET. Royal Bank of Canada lifted their target price on Metlife from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Bank of America began coverage on Metlife in a research report on Monday, June 1st. They set a “buy” rating for the company. Credit Suisse Group decreased their target price on Metlife from $60.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Morgan Stanley raised their price target on Metlife from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, ValuEngine lowered Metlife from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Metlife has a consensus rating of “Hold” and an average price target of $41.88.

MET traded up $0.30 during mid-day trading on Friday, hitting $37.85. 5,862,086 shares of the stock were exchanged, compared to its average volume of 4,841,041. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a market cap of $34.35 billion, a PE ratio of 4.03, a PEG ratio of 4.42 and a beta of 1.34. The firm’s fifty day moving average is $37.09 and its two-hundred day moving average is $38.85. Metlife Inc has a 1-year low of $22.85 and a 1-year high of $53.28.

Metlife (NYSE:MET) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.14. The company had revenue of $15.54 billion during the quarter, compared to the consensus estimate of $16.38 billion. Metlife had a return on equity of 8.85% and a net margin of 12.37%. Metlife’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 earnings per share. As a group, research analysts anticipate that Metlife Inc will post 5.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, August 4th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.86%. The ex-dividend date is Monday, August 3rd. Metlife’s dividend payout ratio is currently 30.11%.

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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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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