Farringdon Capital Ltd. Purchases Shares of 5,368 MetLife, Inc. (NYSE:MET)

Farringdon Capital Ltd. acquired a new position in shares of MetLife, Inc. (NYSE:MET) in the fourth quarter, HoldingsChannel reports. The fund acquired 5,368 shares of the financial services provider’s stock, valued at approximately $440,000.

Several other large investors have also made changes to their positions in MET. Retirement Wealth Solutions LLC acquired a new stake in shares of MetLife in the fourth quarter worth $32,000. Sierra Ocean LLC purchased a new stake in MetLife during the 4th quarter worth $32,000. Graney & King LLC acquired a new stake in MetLife in the 4th quarter valued at $34,000. Values First Advisors Inc. acquired a new position in shares of MetLife during the fourth quarter worth about $36,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of MetLife during the fourth quarter worth about $44,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MET. Barclays dropped their target price on MetLife from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Wells Fargo & Company reduced their target price on shares of MetLife from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. BMO Capital Markets initiated coverage on shares of MetLife in a report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of MetLife from $88.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Cowen restated a “buy” rating on shares of MetLife in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.46.

MetLife Stock Up 1.1 %

Shares of MetLife stock opened at $72.49 on Friday. The business has a 50-day moving average price of $79.41 and a 200 day moving average price of $82.19. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $89.05. The firm has a market cap of $49.38 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.65 and a beta of 0.89. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54.

MetLife (NYSE:MET) last issued its quarterly 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 net margin of 6.19% and a return on equity of 20.42%. On average, sell-side analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

About MetLife

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.