Interchange Capital Partners LLC Has $388,000 Stock Holdings in MetLife, Inc. $MET

Interchange Capital Partners LLC lifted its stake in shares of MetLife, Inc. (NYSE:MET) by 18.5% during the second quarter, Holdings Channel reports. The firm owned 4,826 shares of the financial services provider’s stock after purchasing an additional 754 shares during the quarter. Interchange Capital Partners LLC’s holdings in MetLife were worth $388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. North Capital Inc. acquired a new stake in shares of MetLife during the first quarter worth $26,000. Motco raised its position in shares of MetLife by 105.5% during the first quarter. Motco now owns 413 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 212 shares during the period. GFG Capital LLC acquired a new stake in shares of MetLife during the second quarter worth $38,000. Abound Wealth Management raised its position in shares of MetLife by 652.3% during the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 424 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of MetLife during the second quarter worth $40,000. 94.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wolfe Research raised MetLife to a “strong-buy” rating in a research report on Tuesday, September 16th. Barclays upped their price target on MetLife from $93.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target on MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a research report on Monday, August 11th. Wells Fargo & Company upped their price target on MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, UBS Group dropped their price target on MetLife from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.18.

MetLife Stock Performance

Shares of MET stock opened at $78.71 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $89.05. The stock’s 50-day moving average is $80.37 and its two-hundred day moving average is $78.40. The firm has a market cap of $52.34 billion, a P/E ratio of 13.34, a PEG ratio of 0.71 and a beta of 0.86.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share for the quarter, missing the consensus estimate 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 previous year, the company earned $2.28 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 4th will be paid a dividend of $0.5675 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 4th. MetLife’s dividend payout ratio is 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.