MetLife, Inc. $MET Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in MetLife, Inc. (NYSE:MET) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 272,064 shares of the financial services provider’s stock after acquiring an additional 14,073 shares during the period. Asset Management One Co. Ltd.’s holdings in MetLife were worth $21,879,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MET. North Capital Inc. acquired a new position in MetLife in the first quarter valued at approximately $26,000. Motco lifted its holdings in MetLife by 105.5% in the first quarter. Motco now owns 413 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 212 shares during the last quarter. GFG Capital LLC acquired a new position in MetLife in the second quarter valued at approximately $38,000. Abound Wealth Management lifted its holdings in 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 acquiring an additional 424 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in MetLife in the second quarter valued at approximately $40,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MET has been the topic of a number of research reports. Piper Sandler cut MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Friday, September 19th. Keefe, Bruyette & Woods decreased their price target on MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, August 11th. Wells Fargo & Company upped their price target on MetLife from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Wolfe Research upgraded MetLife to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. upped their price target on MetLife from $86.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, MetLife has an average rating of “Moderate Buy” and an average price target of $95.18.

MetLife Stock Up 0.7%

MetLife stock opened at $78.71 on Friday. MetLife, Inc. has a twelve month low of $65.21 and a twelve month high of $89.05. The stock’s fifty day simple moving average is $80.37 and its 200-day simple moving average is $78.38. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $52.34 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.71 and a beta of 0.86.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share 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 analysts’ expectations of $18.58 billion. During the same period in the prior year, the company posted $2.28 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 4th will be given a dividend of $0.5675 per share. 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 2.9%. MetLife’s dividend payout ratio is currently 38.47%.

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.