Means Investment CO. Inc. Buys 194 Shares of MetLife, Inc. (NYSE:MET)

Means Investment CO. Inc. raised its stake in shares of MetLife, Inc. (NYSE:MET) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,676 shares of the financial services provider’s stock after buying an additional 194 shares during the period. Means Investment CO. Inc.’s holdings in MetLife were worth $798,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MET. Massmutual Trust Co. FSB ADV raised its holdings in MetLife by 10.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,815 shares of the financial services provider’s stock valued at $135,000 after buying an additional 176 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of MetLife by 11.6% in the first quarter. Park Avenue Securities LLC now owns 39,640 shares of the financial services provider’s stock valued at $2,938,000 after purchasing an additional 4,106 shares during the last quarter. RFG Advisory LLC grew its position in shares of MetLife by 4.3% in the first quarter. RFG Advisory LLC now owns 6,181 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 257 shares during the last quarter. Gulf International Bank UK Ltd grew its position in shares of MetLife by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 53,640 shares of the financial services provider’s stock valued at $3,975,000 after purchasing an additional 274 shares during the last quarter. Finally, MJP Associates Inc. ADV acquired a new stake in shares of MetLife in the first quarter valued at about $239,000. 89.81% of the stock is currently owned by institutional investors.

MetLife Stock Down 0.4 %

NYSE MET opened at $85.32 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average is $78.52 and its two-hundred day moving average is $74.12. The company has a market capitalization of $60.67 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 0.69 and a beta of 1.04. MetLife, Inc. has a 1-year low of $57.91 and a 1-year high of $86.94.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.15. The company had revenue of $17.82 billion for 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 company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 earnings per share. Equities analysts forecast that MetLife, Inc. will post 8.61 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Tuesday, November 5th. MetLife’s payout ratio is 74.91%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MET. Keefe, Bruyette & Woods lowered their price target on MetLife from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Piper Sandler raised their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Barclays began coverage on MetLife in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $91.00 price target on the stock. Finally, Jefferies Financial Group raised their price target on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.46.

MetLife Company 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.