LSV Asset Management Has $152.88 Million Position in MetLife, Inc. (NYSE:MET)

LSV Asset Management cut its holdings in shares of MetLife, Inc. (NYSE:MET) by 14.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,867,160 shares of the financial services provider’s stock after selling 326,160 shares during the period. LSV Asset Management owned about 0.27% of MetLife worth $152,883,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in MetLife by 3.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 8,073 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 293 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in MetLife by 0.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 31,576 shares of the financial services provider’s stock valued at $2,604,000 after acquiring an additional 258 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in MetLife by 4.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 191,851 shares of the financial services provider’s stock valued at $15,824,000 after acquiring an additional 7,537 shares during the period. LRI Investments LLC increased its position in shares of MetLife by 308.7% during the third quarter. LRI Investments LLC now owns 989 shares of the financial services provider’s stock valued at $82,000 after buying an additional 747 shares during the period. Finally, Brophy Wealth Management LLC bought a new stake in shares of MetLife during the third quarter valued at about $243,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

MetLife Stock Up 10.1 %

Shares of NYSE:MET opened at $75.34 on Thursday. The firm has a 50 day simple moving average of $80.88 and a 200-day simple moving average of $82.59. The company has a market capitalization of $51.32 billion, a PE ratio of 12.62, a P/E/G ratio of 0.65 and a beta of 0.89. MetLife, Inc. has a twelve month low of $65.21 and a twelve 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.

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 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, equities analysts predict that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MET. JPMorgan Chase & Co. lowered their target price on shares of MetLife from $88.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Cowen restated a “buy” rating on shares of MetLife in a report on Friday, March 7th. Wells Fargo & Company lifted their price target on shares of MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Piper Sandler lifted their price target on shares of MetLife from $92.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Finally, UBS Group raised their price objective on MetLife from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.62.

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.