MetLife, Inc. (NYSE:MET) Holdings Raised by Estabrook Capital Management

Estabrook Capital Management grew its stake in shares of MetLife, Inc. (NYSE:MET) by 100.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 589 shares of the financial services provider’s stock after acquiring an additional 295 shares during the period. Estabrook Capital Management’s holdings in MetLife were worth $48,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. United Asset Strategies Inc. increased its position in MetLife by 1.1% in the 4th quarter. United Asset Strategies Inc. now owns 10,933 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 120 shares during the last quarter. Barrett & Company Inc. increased its holdings in MetLife by 1.0% in the fourth quarter. Barrett & Company Inc. now owns 11,942 shares of the financial services provider’s stock worth $978,000 after buying an additional 121 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in MetLife by 2.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,044 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 126 shares in the last quarter. Davis R M Inc. lifted its stake in MetLife by 4.2% in the fourth quarter. Davis R M Inc. now owns 3,148 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 127 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its position in MetLife by 3.0% in the fourth quarter. Daymark Wealth Partners LLC now owns 5,091 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 149 shares in the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Price Performance

Shares of MetLife stock opened at $68.28 on Wednesday. The firm has a fifty day moving average price of $81.34 and a two-hundred day moving average price of $82.68. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $89.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $46.51 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.65 and a beta of 0.89.

MetLife (NYSE:MET) last released its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. Analysts expect that MetLife, Inc. will post 9.65 EPS for the current year.

Wall Street Analysts Forecast Growth

MET has been the subject of several analyst reports. Morgan Stanley lifted their price objective on shares of MetLife from $101.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on MetLife from $88.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Barclays lowered their price objective on MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Piper Sandler raised their price objective on MetLife from $92.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their target price on MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.85.

MetLife Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.