Yousif Capital Management LLC Sells 2,699 Shares of MetLife, Inc. $MET

Yousif Capital Management LLC lowered its stake in MetLife, Inc. (NYSE:MET) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,886 shares of the financial services provider’s stock after selling 2,699 shares during the period. Yousif Capital Management LLC’s holdings in MetLife were worth $6,585,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MET. Cowen restated a “buy” rating on shares of MetLife in a research report on Friday, August 22nd. Wolfe Research upgraded MetLife to a “strong-buy” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. boosted their price target on MetLife from $86.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of MetLife in a report on Wednesday, October 8th. Finally, Piper Sandler lowered MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price target for the company. in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

MetLife Stock Up 2.6%

MetLife stock opened at $82.90 on Wednesday. The business has a fifty day moving average of $79.96 and a two-hundred day moving average of $78.13. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.57. The firm has a market cap of $55.13 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.73 and a beta of 0.86. MetLife, Inc. has a twelve month low of $65.21 and a twelve month high of $89.05.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). The company had revenue of $17.34 billion for the quarter, compared to analysts’ expectations of $18.58 billion. MetLife had a return on equity of 19.88% and a net margin of 5.83%.The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 EPS. On average, analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be issued a dividend of $0.5675 per share. The ex-dividend date is Tuesday, November 4th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. MetLife’s dividend payout ratio is currently 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.