Quadrant Capital Group LLC Has $1.59 Million Holdings in MetLife, Inc. $MET

Quadrant Capital Group LLC increased its position in MetLife, Inc. (NYSE:MET) by 47.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,789 shares of the financial services provider’s stock after purchasing an additional 6,361 shares during the period. Quadrant Capital Group LLC’s holdings in MetLife were worth $1,591,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC boosted its position in shares of MetLife by 198.2% in the second quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock worth $27,000 after buying an additional 672 shares during the period. MTM Investment Management LLC purchased a new stake in MetLife in the 2nd quarter worth about $37,000. GFG Capital LLC acquired a new stake in MetLife during the 2nd quarter worth about $38,000. Abound Wealth Management increased its holdings in shares of MetLife by 652.3% in the 2nd quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 424 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of MetLife in the second quarter worth approximately $40,000. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Price Performance

NYSE MET opened at $76.95 on Friday. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $88.68. The stock’s 50-day moving average is $79.02 and its two-hundred day moving average is $78.81. The firm has a market cap of $50.70 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 0.70 and a beta of 0.87. 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 (NYSE:MET) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.07. MetLife had a return on equity of 19.88% and a net margin of 5.83%.The business had revenue of $12.46 billion for the quarter, compared to analyst estimates of $18.64 billion. During the same quarter in the prior year, the firm posted $1.95 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 4th will be given 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 dividend yield of 3.0%. MetLife’s dividend payout ratio (DPR) is currently 42.75%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MET. Piper Sandler downgraded shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research report on Friday, September 19th. Wells Fargo & Company dropped their price target on shares of MetLife from $96.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Cowen reiterated a “buy” rating on shares of MetLife in a report on Friday, August 22nd. Jefferies Financial Group boosted their target price on MetLife from $100.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Morgan Stanley raised their price target on MetLife from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.60.

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.