Morgan Stanley Increases MetLife, Inc. (MET) Price Target to $55.00

Other large investors have also recently modified their holdings of the company. It also reduced its holding in Colgate Palmolive Co (NYSE:CL) by 18,158 shares in the quarter, leaving it with 2.11M shares, and cut its stake in Pepsico Inc (NYSE:PEP).

Davenport & Co LLC lowered its ownership in MetLife, Inc. shares by 3.1% in the quarter ending 09/30/2017.

Acadian Asset Management LLC grew its investment by buying 55,037 shares an increase of 2.4% in the quarter. Westside Investment Management Inc. lifted its stake in MetLife by 583.8% in the first quarter. Sky Investment Group LLC now owns 15,944 shares of the financial services provider's stock valued at $842,000 after buying an additional 101 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its holdings in shares of MetLife by 3.4% during the second quarter. NY now owns 5,103 shares of the financial services provider's stock valued at $270,000 after buying an additional 103 shares during the last quarter.

Princeton Portfolio Strategies Group Llc, which manages about $199.15 million and $349.63 million US Long portfolio, decreased its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 6,918 shares to 19,414 shares, valued at $1.24M in 2017Q2, according to the filing. Its sales stood at -2.20% a year on average in the period of last five years.

MetLife (NYSE:MET) last released its earnings results on Wednesday, August 2nd. The fund owned 393,208 shares of the financial services provider's stock after buying an additional 15,716 shares during the period. Capstone Investment Advisors Netherlands B.V.'s holdings in MetLife were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).


The company's P/E ratio is 620.24 and the market value is 56.03B.

The stock is trading at $52.72 which is slightly above $49.97, the stock's 50 day moving average and quite a bit higher than the 200 day moving average of $47.90. Macquarie invested 0.03% of its portfolio in Metlife Inc (NYSE:MET). The financial services provider reported $1.46 EPS for the quarter, beating the Zacks' consensus estimate of $1.27 by $0.19. The firm had revenue of $17.39 billion during the quarter, compared to analysts' expectations of $17.11 billion. The value of the investment in MetLife, Inc. decreased from $760,316,000 to $696,784,000 a change of 8.4% quarter to quarter. Metlife's quarterly revenue was down 11.7% on a year-over-year basis. On average, analysts forecast that MetLife will post $4.62 earnings per share for the current fiscal year. The company recently declared a dividend paid on Wednesday September 13th, 2017. The ex-dividend date of this dividend is Thursday, May 4th. The dividend yield was $3.05. Metlife's dividend payout ratio (DPR) is presently 262.30%. BidaskClub upgraded MetLife from a strong sell rating to a sell rating in a research report on Saturday, June 10th. Royal Bank Of Canada reiterated a buy rating and set a $62.00 price target on shares of MetLife in a research report on Wednesday, July 12th. The stock of Metlife Inc (NYSE:MET) earned "Buy" rating by Wells Fargo on Monday, July 10. Finally, Deutsche Bank AG reiterated a "buy" rating and issued a $65.00 price target on shares of Metlife in a report on Sunday, February 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. MetLife now has a consensus rating of Hold and an average target price of $57.38.

In other Metlife news, Director James M. Kilts purchased 17,205 shares of the firm's stock in a transaction on Wednesday, March 22nd. Following the purchase, the director now owns 59,443 shares of the company's stock, valued at approximately $3,039,320.59.

More important recent Metlife Inc (NYSE:MET) news were published by: which released: "Valuing Brighthouse Financial". Princeton Portfolio Strategies Group Llc bought 6,285 shares as the company's stock declined 4.70% while stock markets rallied.

MetLife, a provider of life insurance, annuities, employee benefits and asset management.

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