Rockefeller Capital Management L.P. Purchases 126,722 Shares of MetLife, Inc. $MET

Rockefeller Capital Management L.P. increased its position in shares of MetLife, Inc. (NYSE:MET) by 30.2% during the 4th quarter, Holdings Channel reports. The firm owned 545,795 shares of the financial services provider’s stock after acquiring an additional 126,722 shares during the period. Rockefeller Capital Management L.P.’s holdings in MetLife were worth $43,085,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MET. Vanguard Group Inc. increased its stake in MetLife by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 72,555,335 shares of the financial services provider’s stock worth $5,727,518,000 after buying an additional 7,805,814 shares in the last quarter. Dodge & Cox lifted its position in shares of MetLife by 0.9% in the third quarter. Dodge & Cox now owns 53,659,664 shares of the financial services provider’s stock valued at $4,419,947,000 after acquiring an additional 477,783 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of MetLife by 1.5% in the third quarter. Wellington Management Group LLP now owns 12,572,807 shares of the financial services provider’s stock valued at $1,035,622,000 after acquiring an additional 180,683 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of MetLife by 22.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,883,338 shares of the financial services provider’s stock worth $938,071,000 after acquiring an additional 2,211,315 shares during the period. Finally, Norges Bank purchased a new stake in shares of MetLife during the fourth quarter worth about $639,986,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MET shares. Wells Fargo & Company boosted their price target on MetLife from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Evercore set a $96.00 price objective on shares of MetLife in a research report on Thursday, April 9th. Piper Sandler boosted their target price on shares of MetLife from $81.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. TD Cowen dropped their target price on shares of MetLife from $91.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Finally, Wall Street Zen cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.31.

MetLife Stock Performance

NYSE MET opened at $85.76 on Monday. The stock has a market capitalization of $55.18 billion, a PE ratio of 16.62, a P/E/G ratio of 0.64 and a beta of 0.78. The business has a 50 day simple moving average of $81.04 and a two-hundred day simple moving average of $77.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. MetLife, Inc. has a 1-year low of $67.33 and a 1-year high of $89.62.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The business had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $19.49 billion. MetLife had a return on equity of 22.60% and a net margin of 4.66%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. On average, research analysts predict that MetLife, Inc. will post 9.98 EPS for the current fiscal year.

MetLife Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 12th were given a $0.5925 dividend. This is a boost from MetLife’s previous quarterly dividend of $0.57. This represents a $2.37 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, May 12th. MetLife’s dividend payout ratio (DPR) is presently 45.93%.

MetLife Company Profile

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.