Aware Super Pty Ltd as trustee of Aware Super Makes New $23.46 Million Investment in MetLife, Inc. (NYSE:MET)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of MetLife, Inc. (NYSE:MET) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 286,518 shares of the financial services provider’s stock, valued at approximately $23,460,000.

Several other institutional investors have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in MetLife during the 4th quarter valued at about $32,000. Sierra Ocean LLC bought a new stake in MetLife in the 4th quarter worth about $32,000. Graney & King LLC bought a new stake in shares of MetLife in the fourth quarter worth approximately $34,000. Values First Advisors Inc. purchased a new stake in MetLife during the 4th quarter valued at $36,000. Finally, Golden State Wealth Management LLC bought a new position in MetLife in the fourth quarter valued at about $44,000. Institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MET shares. Keefe, Bruyette & Woods dropped their price target on shares of MetLife from $98.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Piper Sandler raised their target price on shares of MetLife from $92.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. Cowen reiterated a “buy” rating on shares of MetLife in a research report on Friday, March 7th. 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. Finally, BMO Capital Markets initiated coverage on MetLife in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.46.

MetLife Stock Up 0.2 %

Shares of MET opened at $71.25 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $48.54 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.65 and a beta of 0.89. MetLife, Inc. has a 1 year low of $65.21 and a 1 year high of $89.05. The business’s 50 day simple moving average is $80.32 and its 200-day simple moving average is $82.46.

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

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.