MetLife, Inc. (NYSE:MET) is expected to pay $0.40 on Dec 13, 2016. The indicated annual dividend is $1.60. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on MetLife, Inc.’s current price of $46.79, the dividend is 0.85%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 26, 2016. The stock closed at $46.79 during the last session. It is down 6.49% since March 31, 2016 and is uptrending. It has outperformed by 3.96% the S&P500.
MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The company has a market cap of $51.23 billion. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). It has a 12.3 P/E ratio. The Company’s Retail segment is organized into two businesses: Life & Other, and Annuities.
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.01, from 1.03 in 2016Q1. The ratio improved, as 55 funds sold all Metlife Inc shares owned while 343 reduced positions. 81 funds bought stakes while 334 increased positions. They now own 797.11 million shares or 0.92% less from 804.49 million shares in 2016Q1.
New York State Teachers Retirement Sys holds 2.21 million shares or 0.23% of its portfolio. Moreover, State Of Tennessee Treasury Department has 0.19% invested in Metlife Inc (NYSE:MET) for 928,669 shares. West Oak Cap Ltd Limited Liability Company has invested 0% of its portfolio in Metlife Inc (NYSE:MET). Old Republic Interest Corporation has 0.44% invested in the company for 249,000 shares. Toronto Dominion State Bank holds 59,391 shares or 0.01% of its portfolio. Synovus Financial has 0.01% invested in the company for 5,619 shares. Carnegie Asset Mngmt accumulated 29,034 shares or 0.18% of the stock. Catawba Cap Va has invested 0.06% of its portfolio in Metlife Inc (NYSE:MET). Moreover, Nbt National Bank & Trust N A Ny has 0.1% invested in Metlife Inc (NYSE:MET) for 13,809 shares. Mirae Asset Investments last reported 181,283 shares in the company. Alpine Woods Capital Invsts Llc has 34,100 shares for 0.08% of their US portfolio. The Virginia-based Thompson Davis And has invested 0.01% in Metlife Inc (NYSE:MET). M Hldgs Securities has 0.2% invested in the company for 9,679 shares. Marshall Wace Llp last reported 59,018 shares in the company. Winton Cap Grp Limited has 799,674 shares for 0.53% of their US portfolio.
Metlife Inc (NYSE:MET) Ratings Coverage
Out of 12 analysts covering MetLife (NYSE:MET), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. MetLife has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Friday, October 7, the company rating was initiated by Credit Suisse. The rating was upgraded by Macquarie Research on Thursday, January 14 to “Outperform”. The stock of Metlife Inc (NYSE:MET) earned “Outperform” rating by RBC Capital Markets on Tuesday, January 19. The rating was downgraded by Deutsche Bank on Wednesday, July 13 to “Hold”. The rating was maintained by FBR Capital with “Outperform” on Monday, August 29. The firm has “Buy” rating by Sandler O’Neill given on Monday, June 27. Morgan Stanley downgraded the shares of MET in a report on Wednesday, November 11 to “Equal-Weight” rating. The rating was upgraded by Raymond James on Friday, January 22 to “Strong Buy”. The rating was maintained by Deutsche Bank on Friday, July 31 with “Buy”. The rating was downgraded by Citigroup on Tuesday, January 5 to “Neutral”.
More notable recent Metlife Inc (NYSE:MET) news were published by: Investorplace.com which released: “Trade of the Day: Metlife Inc (MET) Stock Will Fly Past Estimates” on October 31, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Astoria Financial, MetLife and Ameriprise Financial” published on November 01, 2016, Businesswire.com published: “MetLife Declares Fourth Quarter 2016 Common Stock Dividend” on October 25, 2016. More interesting news about Metlife Inc (NYSE:MET) were released by: Wsj.com and their article: “US Oversight of MetLife Called Into Question at Court Hearing” published on October 24, 2016 as well as Benzinga.com‘s news article titled: “A Peek Into The Markets: U.S. Stock Futures Mostly Lower Ahead of ADP Report …” with publication date: November 02, 2016.
MET Company Profile
MetLife, Inc. (MetLife), incorporated on August 10, 1999, is a well-known provider of life insurance, annuities, employee benefits and asset management. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLife’s Corporate & Other contains the surplus portfolios for the enterprise, the portfolios used to fund the capital needs of the Company and various reinsurance agreements. In the United States, the Company provides a range of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities, through both proprietary and independent retail distribution channels, as well as at the workplace. Outside the United States, the Company provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups.
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