CreativeOne Wealth LLC Increases Position in MetLife, Inc. (NYSE:MET)

CreativeOne Wealth LLC grew its holdings in MetLife, Inc. (NYSE:MET) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,454 shares of the financial services provider’s stock after purchasing an additional 495 shares during the quarter. CreativeOne Wealth LLC’s holdings in MetLife were worth $774,000 as of its most recent SEC filing.

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

MetLife Price Performance

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

MetLife (NYSE:MET) last posted its quarterly earnings data 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%. On average, research analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on MET shares. Morgan Stanley decreased their target price on shares of MetLife from $109.00 to $94.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Barclays lowered their price objective on MetLife from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Cowen restated a “buy” rating on shares of MetLife in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on MetLife from $88.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of MetLife from $98.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $92.46.

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.