MetLife, Inc. $MET Shares Sold by Claro Advisors LLC

Claro Advisors LLC trimmed its stake in shares of MetLife, Inc. (NYSE:MET) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,887 shares of the financial services provider’s stock after selling 686 shares during the period. Claro Advisors LLC’s holdings in MetLife were worth $1,036,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MET. Cassaday & Co Wealth Management LLC raised its holdings in MetLife by 10.3% during the second quarter. Cassaday & Co Wealth Management LLC now owns 3,066 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 287 shares during the last quarter. Transatlantique Private Wealth LLC boosted its position in shares of MetLife by 8.1% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 6,066 shares of the financial services provider’s stock worth $488,000 after buying an additional 453 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in MetLife in the 2nd quarter valued at about $1,556,000. Burney Co. increased its holdings in MetLife by 1.3% during the 2nd quarter. Burney Co. now owns 69,076 shares of the financial services provider’s stock valued at $5,555,000 after acquiring an additional 908 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in MetLife by 19.2% during the second quarter. iA Global Asset Management Inc. now owns 35,602 shares of the financial services provider’s stock worth $2,863,000 after acquiring an additional 5,730 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

MET has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of MetLife from $86.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Wolfe Research raised MetLife to a “strong-buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company upped their price objective on MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on MetLife from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, Piper Sandler downgraded shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 target price for the company. in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, MetLife currently has an average rating of “Moderate Buy” and an average target price of $95.18.

MetLife Price Performance

Shares of NYSE:MET opened at $79.41 on Wednesday. The company has a market cap of $52.81 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.70 and a beta of 0.86. The business has a fifty day simple moving average of $80.29 and a 200-day simple moving average of $78.77. MetLife, Inc. has a 52 week low of $65.21 and a 52 week high of $89.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.57.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share (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 business had revenue of $17.34 billion during the quarter, compared to analyst estimates of $18.58 billion. During the same period in the previous year, the business posted $2.28 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors 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 annualized dividend and a yield of 2.9%. MetLife’s dividend payout ratio is 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.