MetLife, Inc. (NYSE:MET) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC decreased its stake in shares of MetLife, Inc. (NYSE:MET) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,130 shares of the financial services provider’s stock after selling 496 shares during the period. Boston Common Asset Management LLC’s holdings in MetLife were worth $13,372,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. GoalVest Advisory LLC lifted its holdings in shares of MetLife by 73.3% in the first quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock valued at $29,000 after buying an additional 165 shares during the period. Pineridge Advisors LLC acquired a new stake in MetLife in the 4th quarter valued at about $39,000. Bank & Trust Co bought a new position in shares of MetLife during the 2nd quarter valued at about $39,000. Crewe Advisors LLC grew its stake in shares of MetLife by 602.5% in the 2nd quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 482 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of MetLife by 72.6% in the 2nd quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 239 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

MetLife Stock Performance

MET stock opened at $84.03 on Friday. The company has a market capitalization of $58.85 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 0.69 and a beta of 1.04. The firm has a 50 day moving average of $76.40 and a two-hundred day moving average of $73.55. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. MetLife, Inc. has a 12 month low of $57.91 and a 12 month high of $85.07.

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

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.59%. MetLife’s dividend payout ratio is presently 58.76%.

Analyst Ratings Changes

MET has been the subject of several analyst reports. Morgan Stanley decreased their price target on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Citigroup boosted their price target on shares of MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Wells Fargo & Company raised their price objective on shares of MetLife from $86.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Piper Sandler boosted their target price on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, MetLife has an average rating of “Moderate Buy” and an average target price of $88.46.

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.