IFP Advisors Inc Has $928,000 Holdings in MetLife, Inc. $MET

IFP Advisors Inc grew its holdings in MetLife, Inc. (NYSE:MET) by 15.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,438 shares of the financial services provider’s stock after purchasing an additional 1,494 shares during the period. IFP Advisors Inc’s holdings in MetLife were worth $928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kathmere Capital Management LLC raised its holdings in shares of MetLife by 88.2% in the second quarter. Kathmere Capital Management LLC now owns 6,328 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 2,965 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of MetLife by 4.8% in the first quarter. First Horizon Advisors Inc. now owns 422,684 shares of the financial services provider’s stock valued at $33,937,000 after purchasing an additional 19,192 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of MetLife by 52.1% in the first quarter. Ritholtz Wealth Management now owns 9,355 shares of the financial services provider’s stock valued at $751,000 after purchasing an additional 3,204 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new stake in shares of MetLife in the first quarter valued at approximately $255,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of MetLife by 20.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,785 shares of the financial services provider’s stock valued at $4,735,000 after purchasing an additional 10,414 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on MET. Cowen reissued a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of MetLife in a research note on Wednesday, October 8th. Jefferies Financial Group raised their target price on shares of MetLife from $100.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Morgan Stanley raised their target price on shares of MetLife from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company raised their target price on shares of MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.18.

MetLife Trading Down 2.6%

MET stock opened at $79.88 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. The company has a fifty day moving average price of $79.68 and a two-hundred day moving average price of $78.08. MetLife, Inc. has a one year low of $65.21 and a one year high of $89.05. The stock has a market cap of $53.12 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 0.72 and a beta of 0.86.

MetLife (NYSE:MET) last released 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 company had revenue of $17.34 billion for the quarter, compared to the consensus estimate of $18.58 billion. During the same period last year, the firm earned $2.28 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The firm also recently announced 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. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, November 4th. MetLife’s payout ratio is presently 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.