Lake Street Advisors Group LLC Has $386,000 Position in MetLife, Inc. (NYSE:MET)

Lake Street Advisors Group LLC boosted its position in shares of MetLife, Inc. (NYSE:MET) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,681 shares of the financial services provider’s stock after acquiring an additional 142 shares during the period. Lake Street Advisors Group LLC’s holdings in MetLife were worth $386,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MET. National Bank of Canada FI raised its stake in shares of MetLife by 54.9% in the first quarter. National Bank of Canada FI now owns 371,062 shares of the financial services provider’s stock valued at $26,983,000 after purchasing an additional 131,538 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of MetLife during the 1st quarter worth about $1,053,000. Entropy Technologies LP raised its position in MetLife by 38.3% in the first quarter. Entropy Technologies LP now owns 30,473 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 8,440 shares in the last quarter. M&G Plc bought a new position in MetLife during the second quarter worth about $2,346,000. Finally, Canada Pension Plan Investment Board boosted its holdings in MetLife by 53.0% during the first quarter. Canada Pension Plan Investment Board now owns 618,650 shares of the financial services provider’s stock valued at $45,848,000 after purchasing an additional 214,367 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MET shares. Keefe, Bruyette & Woods decreased their price target on MetLife from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Wells Fargo & Company upped their target price on shares of MetLife from $86.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of MetLife from $81.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Bank of America decreased their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Citigroup lifted their target price on shares of MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.46.

MetLife Trading Down 2.3 %

Shares of MET opened at $82.39 on Friday. The stock’s fifty day simple moving average is $79.81 and its 200-day simple moving average is $74.49. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $58.59 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. MetLife, Inc. has a 12-month low of $57.91 and a 12-month high of $86.94.

MetLife (NYSE:MET) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.15. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The firm had revenue of $17.82 billion during the quarter, compared to analyst estimates of $18.57 billion. During the same quarter in the previous year, the business earned $1.94 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, research analysts predict that MetLife, Inc. will post 8.58 earnings per share for the current year.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.65%. MetLife’s dividend payout ratio is presently 74.91%.

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.