Stifel Financial Corp Raises Stock Position in MetLife, Inc. (NYSE:MET)

Stifel Financial Corp lifted its position in MetLife, Inc. (NYSE:MET) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,314,579 shares of the financial services provider’s stock after purchasing an additional 74,738 shares during the quarter. Stifel Financial Corp’s holdings in MetLife were worth $189,519,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MET. Transce3nd LLC bought a new stake in shares of MetLife during the 4th quarter worth $26,000. Sierra Ocean LLC purchased a new position in shares of MetLife in the 4th quarter worth about $32,000. Retirement Wealth Solutions LLC purchased a new position in shares of MetLife during the 4th quarter valued at about $32,000. Graney & King LLC purchased a new stake in MetLife in the fourth quarter worth approximately $34,000. Finally, Values First Advisors Inc. purchased a new position in shares of MetLife during the fourth quarter worth approximately $36,000. Institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

MET has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price 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. BMO Capital Markets started coverage on MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price objective on the stock. Piper Sandler boosted their target price on MetLife from $92.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Wells Fargo & Company reduced their price target on MetLife from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods decreased their price target on MetLife from $98.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.46.

MetLife Stock Down 3.0 %

Shares of MetLife stock opened at $70.38 on Tuesday. The company’s fifty day simple moving average is $78.94 and its two-hundred day simple moving average is $82.04. MetLife, Inc. has a 12-month low of $65.21 and a 12-month high of $89.05. 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 company has a market cap of $47.94 billion, a P/E ratio of 11.79, a PEG ratio of 0.65 and a beta of 0.89.

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

MetLife Company 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.