Calamos Wealth Management LLC increased its position in shares of MetLife Inc. (NYSE:MET) by 6.0% during the second quarter, Holdings Channel reports. The fund owned 95,341 shares of the company’s stock after buying an additional 5,375 shares during the period. Calamos Wealth Management LLC’s holdings in MetLife were worth $3,797,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in MetLife by 0.6% in the first quarter. Wellington Management Group LLP now owns 34,882,341 shares of the company’s stock worth $1,532,730,000 after buying an additional 218,299 shares during the last quarter. Dodge & Cox increased its stake in MetLife by 10.2% in the first quarter. Dodge & Cox now owns 30,948,079 shares of the company’s stock worth $1,359,859,000 after buying an additional 2,861,828 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in MetLife by 3.2% in the first quarter. TIAA CREF Investment Management LLC now owns 10,253,437 shares of the company’s stock worth $450,536,000 after buying an additional 319,051 shares during the last quarter. BlackRock Group LTD increased its stake in MetLife by 5.6% in the first quarter. BlackRock Group LTD now owns 9,783,399 shares of the company’s stock worth $429,882,000 after buying an additional 517,732 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in MetLife by 1.2% in the first quarter. Geode Capital Management LLC now owns 8,977,373 shares of the company’s stock worth $393,696,000 after buying an additional 106,352 shares during the last quarter. 74.80% of the stock is currently owned by institutional investors.
MetLife Inc. (NYSE:MET) traded down 2.52% during mid-day trading on Monday, reaching $43.40. 7,161,703 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $42.34 and a 200-day moving average of $43.00. MetLife Inc. has a 12 month low of $35.00 and a 12 month high of $52.45. The firm has a market cap of $47.69 billion, a price-to-earnings ratio of 11.41 and a beta of 1.87.
MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by $0.52. The firm had revenue of $17 billion for the quarter, compared to analyst estimates of $17.35 billion. MetLife had a return on equity of 6.18% and a net margin of 6.49%. The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 EPS. Analysts anticipate that MetLife Inc. will post $4.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 8th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 4th. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. MetLife’s dividend payout ratio is 42.11%.
MET has been the topic of a number of recent research reports. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of MetLife in a report on Friday. Zacks Investment Research raised MetLife from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Deutsche Bank AG decreased their price objective on MetLife from $47.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, July 7th. FBR & Co lifted their price objective on MetLife from $51.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 29th. Finally, Sandler O’Neill upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research note on Monday, June 27th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. MetLife currently has a consensus rating of “Buy” and an average price target of $52.45.
In related news, EVP Maria R. Morris sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $42.96, for a total transaction of $85,920.00. Following the sale, the executive vice president now owns 109,273 shares in the company, valued at approximately $4,694,368.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.
MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).
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