MetLife, Inc. (NYSE:MET) Shares Sold by Arlington Trust Co LLC

Arlington Trust Co LLC reduced its stake in shares of MetLife, Inc. (NYSE:MET) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,370 shares of the financial services provider’s stock after selling 160 shares during the period. Arlington Trust Co LLC’s holdings in MetLife were worth $195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of MetLife by 3.4% in 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 acquiring an additional 1,974,268 shares during the period. Swedbank AB bought a new stake in shares of MetLife during the 1st quarter worth $131,456,000. Acadian Asset Management LLC increased its stake in MetLife by 7,837.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock worth $79,250,000 after purchasing an additional 1,115,124 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $378,799,000 after buying an additional 988,666 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of MetLife by 29.7% in the first quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider’s stock worth $157,133,000 after buying an additional 485,811 shares during the period. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MET. Morgan Stanley lowered their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Bank of America cut their price objective on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Barclays decreased their price target on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday. Piper Sandler lifted their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their price target on MetLife from $86.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, MetLife has an average rating of “Moderate Buy” and an average target price of $88.38.

MetLife Trading Up 0.0 %

Shares of MetLife stock traded up $0.01 during trading on Friday, hitting $78.43. The company’s stock had a trading volume of 2,661,028 shares, compared to its average volume of 3,303,769. The stock has a market cap of $54.93 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.69 and a beta of 1.04. MetLife, Inc. has a 52 week low of $58.89 and a 52 week high of $86.94. The stock has a 50-day moving average price of $80.59 and a two-hundred day moving average price of $74.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.28 EPS for the quarter, topping the consensus estimate of $2.13 by $0.15. The company had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $18.57 billion. MetLife had a net margin of 5.27% and a return on equity of 20.41%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. Equities research analysts anticipate that MetLife, Inc. will post 8.58 EPS for the current fiscal year.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be paid a $0.545 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.78%. MetLife’s dividend payout ratio is currently 43.95%.

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.