MetLife, Inc. $MET Holdings Reduced by Heartland Bank & Trust Co

Heartland Bank & Trust Co decreased its position in MetLife, Inc. (NYSE:MET) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,230 shares of the financial services provider’s stock after selling 196 shares during the period. Heartland Bank & Trust Co’s holdings in MetLife were worth $501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Csenge Advisory Group grew its position in MetLife by 1.0% in the 1st quarter. Csenge Advisory Group now owns 13,647 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 131 shares during the last quarter. Delta Investment Management LLC grew its position in MetLife by 0.9% in the 1st quarter. Delta Investment Management LLC now owns 14,265 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 133 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of MetLife by 2.2% in the second quarter. Ignite Planners LLC now owns 6,366 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 136 shares in the last quarter. Glenview Trust co boosted its holdings in shares of MetLife by 0.4% in the first quarter. Glenview Trust co now owns 38,333 shares of the financial services provider’s stock valued at $3,078,000 after acquiring an additional 141 shares in the last quarter. Finally, My Legacy Advisors LLC boosted its holdings in shares of MetLife by 1.2% in the second quarter. My Legacy Advisors LLC now owns 14,000 shares of the financial services provider’s stock valued at $1,097,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Piper Sandler cut shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price objective for the company. in a report on Friday, September 19th. Wells Fargo & Company increased their price objective on shares of MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of MetLife from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Wolfe Research upgraded shares of MetLife to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of MetLife in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.18.

MetLife Trading Up 1.3%

Shares of NYSE:MET opened at $80.79 on Tuesday. The company has a 50 day moving average price of $79.80 and a 200 day moving average price of $78.09. MetLife, Inc. has a 1-year low of $65.21 and a 1-year high of $89.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $53.73 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.72 and a beta of 0.86.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.02 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 firm had revenue of $17.34 billion during the quarter, compared to analyst estimates of $18.58 billion. During the same period in the prior year, the business posted $2.28 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, research analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th will be paid a $0.5675 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. MetLife’s dividend payout ratio (DPR) is currently 38.47%.

MetLife 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.