8,256 Shares in MetLife, Inc. $MET Bought by Marex Group plc

Marex Group plc bought a new position in MetLife, Inc. (NYSE:MET) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,256 shares of the financial services provider’s stock, valued at approximately $664,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MET. Quaker Wealth Management LLC grew its holdings in shares of MetLife by 198.2% during 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 in the last quarter. MTM Investment Management LLC acquired a new position in MetLife during the 2nd quarter worth approximately $37,000. GFG Capital LLC bought a new position in shares of MetLife during the 2nd quarter worth approximately $38,000. Abound Wealth Management raised its holdings in shares of MetLife by 652.3% in the second 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 last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in shares of MetLife in the second quarter worth $40,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Price Performance

Shares of NYSE MET opened at $82.08 on Monday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $78.47 and its two-hundred day moving average price is $78.76. The company has a market cap of $54.08 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.79 and a beta of 0.76. MetLife, Inc. has a twelve month low of $65.21 and a twelve month high of $88.09.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.30 by $0.07. MetLife had a return on equity of 21.00% and a net margin of 5.30%.The company had revenue of $12.46 billion during the quarter, compared to the consensus estimate of $18.64 billion. During the same period in the previous year, the company posted $1.95 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts predict that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th were issued a $0.5675 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, November 4th. MetLife’s payout ratio is currently 42.75%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of MetLife to a “strong-buy” rating in a research note on Tuesday, September 16th. Piper Sandler downgraded MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Friday, September 19th. UBS Group reduced their price target on MetLife from $96.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Keefe, Bruyette & Woods lowered their price target on MetLife from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of MetLife in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, MetLife has an average rating of “Moderate Buy” and a consensus target price of $94.60.

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.