Shelton Capital Management boosted its position in Metlife Inc (NYSE:MET) by 22.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,257 shares of the financial services provider’s stock after purchasing an additional 18,200 shares during the period. Shelton Capital Management’s holdings in Metlife were worth $5,508,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its stake in Metlife by 0.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 38 shares in the last quarter. Forward Management LLC increased its position in Metlife by 0.4% during the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock worth $531,000 after buying an additional 41 shares in the last quarter. Peoples Bank OH increased its position in Metlife by 0.5% during the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock worth $556,000 after buying an additional 50 shares in the last quarter. Atria Investments LLC increased its position in Metlife by 0.4% during the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock worth $1,043,000 after buying an additional 72 shares in the last quarter. Finally, Apriem Advisors increased its position in Metlife by 0.6% during the second quarter. Apriem Advisors now owns 13,060 shares of the financial services provider’s stock worth $718,000 after buying an additional 74 shares in the last quarter. 74.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Metlife Inc (MET) opened at 52.95 on Tuesday. The company has a 50-day moving average price of $50.03 and a 200 day moving average price of $47.91. The company has a market capitalization of $56.28 billion, a price-to-earnings ratio of 622.94 and a beta of 1.47. Metlife Inc has a one year low of $40.30 and a one year high of $53.30.
Metlife (NYSE:MET) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.02. The firm had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.11 billion. Metlife had a net margin of 5.14% and a return on equity of 4.89%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. On average, analysts forecast that Metlife Inc will post $4.62 EPS for the current fiscal year.
Several equities analysts have weighed in on MET shares. Royal Bank Of Canada reissued a “buy” rating and set a $62.00 price target on shares of Metlife in a research report on Wednesday, July 12th. Credit Suisse Group restated a “neutral” rating and set a $53.00 price objective (down previously from $64.00) on shares of Metlife in a report on Monday, August 28th. Morgan Stanley raised their price objective on Metlife from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Argus decreased their price objective on Metlife from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Finally, ValuEngine upgraded Metlife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.38.
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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