MetLife, Inc. $MET Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its holdings in MetLife, Inc. (NYSE:MET) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,543 shares of the financial services provider’s stock after selling 1,156 shares during the quarter. New York Life Investment Management LLC’s holdings in MetLife were worth $6,799,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. North Capital Inc. acquired a new stake in MetLife during the first quarter valued at approximately $26,000. Motco raised its stake in MetLife by 105.5% during the first quarter. Motco now owns 413 shares of the financial services provider’s stock valued at $33,000 after buying an additional 212 shares in the last quarter. GFG Capital LLC acquired a new stake in MetLife during the second quarter valued at approximately $38,000. Abound Wealth Management raised its stake in MetLife by 652.3% during the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock valued at $39,000 after buying an additional 424 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in MetLife during the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MET shares. UBS Group cut their price objective on MetLife from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Wolfe Research upgraded MetLife to a “strong-buy” rating in a research note on Tuesday, September 16th. Weiss Ratings restated a “buy (b)” rating on shares of MetLife in a research note on Wednesday, October 8th. Barclays increased their price target on MetLife from $93.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price target on MetLife from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.18.

MetLife Stock Down 0.6%

Shares of MetLife stock opened at $78.30 on Thursday. MetLife, Inc. has a twelve month low of $65.21 and a twelve month high of $89.05. The stock has a market capitalization of $52.07 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.71 and a beta of 0.86. The business’s 50 day simple moving average is $80.39 and its 200-day simple moving average is $78.53. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.57.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). MetLife had a return on equity of 19.88% and a net margin of 5.83%.The business had revenue of $17.34 billion during the quarter, compared to the consensus estimate of $18.58 billion. During the same period last year, the company earned $2.28 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th will be issued a $0.5675 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 4th. MetLife’s dividend payout ratio is 38.47%.

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.