Richwood Investment Advisors LLC Has $409,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

Richwood Investment Advisors LLC lowered its holdings in shares of MetLife, Inc. (NYSE:MET) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,958 shares of the financial services provider’s stock after selling 185 shares during the period. Richwood Investment Advisors LLC’s holdings in MetLife were worth $409,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of MetLife by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 59,622,348 shares of the financial services provider’s stock worth $4,418,612,000 after buying an additional 1,974,268 shares during the period. Dimensional Fund Advisors LP boosted its stake in MetLife by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after acquiring an additional 988,666 shares in the last quarter. Legal & General Group Plc grew its holdings in MetLife by 5.4% in the second quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider’s stock worth $371,993,000 after purchasing an additional 269,246 shares during the period. Envestnet Asset Management Inc. increased its stake in MetLife by 3.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock valued at $226,358,000 after purchasing an additional 100,782 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of MetLife by 4.1% during the first quarter. Nordea Investment Management AB now owns 2,772,751 shares of the financial services provider’s stock valued at $205,544,000 after purchasing an additional 108,739 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on MET shares. TD Cowen assumed coverage on MetLife in a research report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 target price for the company. Wells Fargo & Company boosted their price objective on MetLife from $86.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods cut their target price on MetLife from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Barclays began coverage on shares of MetLife in a research note on Wednesday, September 4th. They set an “overweight” rating and a $91.00 price target for the company. Finally, Morgan Stanley reduced their price objective on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.46.

MetLife Stock Performance

Shares of MetLife stock traded up $0.82 on Tuesday, reaching $86.70. 387,567 shares of the company traded hands, compared to its average volume of 3,324,753. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $61.65 billion, a PE ratio of 29.52, a PEG ratio of 0.69 and a beta of 1.04. The company has a 50 day moving average of $77.23 and a 200 day moving average of $73.79. MetLife, Inc. has a 52 week low of $57.91 and a 52 week high of $86.80.

MetLife (NYSE:MET) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.15. The business had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $18.57 billion. MetLife had a return on equity of 21.41% and a net margin of 4.23%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $1.94 earnings per share. Equities analysts forecast that MetLife, Inc. will post 8.61 earnings per share for the current year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.51%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) is presently 74.91%.

About MetLife

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.