Stifel Financial Corp Has $189.52 Million Stock Holdings in MetLife, Inc. (NYSE:MET)

Stifel Financial Corp raised its holdings in MetLife, Inc. (NYSE:MET) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,314,579 shares of the financial services provider’s stock after buying an additional 74,738 shares during the quarter. Stifel Financial Corp owned 0.33% of MetLife worth $189,519,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MET. Geode Capital Management LLC increased its holdings in shares of MetLife by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 11,931,536 shares of the financial services provider’s stock valued at $973,901,000 after acquiring an additional 158,107 shares in the last quarter. Norges Bank acquired a new position in shares of MetLife during the fourth quarter valued at about $730,716,000. Bank of New York Mellon Corp increased its position in shares of MetLife by 109.2% during the fourth quarter. Bank of New York Mellon Corp now owns 8,826,658 shares of the financial services provider’s stock worth $722,727,000 after acquiring an additional 4,606,748 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in MetLife by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,434,737 shares of the financial services provider’s stock valued at $526,869,000 after acquiring an additional 290,734 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in MetLife by 43.7% during the 4th quarter. Clearbridge Investments LLC now owns 5,663,177 shares of the financial services provider’s stock worth $463,701,000 after purchasing an additional 1,723,461 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analyst Ratings Changes

MET has been the topic of several analyst reports. Barclays cut their target price on MetLife from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. BMO Capital Markets began coverage on shares of MetLife in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 target price for the company. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Cowen reaffirmed a “buy” rating on shares of MetLife in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of MetLife from $88.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, MetLife currently has an average rating of “Moderate Buy” and an average price target of $92.46.

MetLife Price Performance

Shares of NYSE MET opened at $70.38 on Tuesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $78.94 and a two-hundred day simple moving average of $82.04. MetLife, Inc. has a 1-year low of $65.21 and a 1-year high of $89.05. The firm has a market cap of $47.94 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.65 and a beta of 0.89.

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