Venturi Wealth Management LLC Grows Stock Holdings in MetLife, Inc. $MET

Venturi Wealth Management LLC grew its holdings in MetLife, Inc. (NYSE:MET) by 10.8% during the 2nd quarter, Holdings Channel reports. The fund owned 5,216 shares of the financial services provider’s stock after purchasing an additional 508 shares during the period. Venturi Wealth Management LLC’s holdings in MetLife were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in MET. North Capital Inc. purchased a new stake in shares of MetLife in the 1st quarter valued at $26,000. Motco boosted its holdings in MetLife by 105.5% during the first quarter. Motco now owns 413 shares of the financial services provider’s stock worth $33,000 after buying an additional 212 shares in the last quarter. Abound Wealth Management boosted its holdings in MetLife by 652.3% during the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock worth $39,000 after buying an additional 424 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in MetLife during the second quarter worth $40,000. Finally, WPG Advisers LLC purchased a new stake in MetLife during the first quarter worth $46,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wolfe Research raised shares of MetLife to a “strong-buy” rating in a report on Tuesday, September 16th. Piper Sandler downgraded shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Friday, September 19th. UBS Group decreased their price objective on shares of MetLife from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MetLife in a report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, MetLife has an average rating of “Moderate Buy” and an average target price of $95.18.

MetLife Price Performance

Shares of NYSE MET opened at $81.94 on Friday. The firm has a 50-day simple moving average of $79.56 and a 200-day simple moving average of $78.18. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 0.74 and a beta of 0.86. 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, Inc. has a 52 week low of $65.21 and a 52 week high of $89.05.

MetLife (NYSE:MET) last issued its earnings results 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). The business had revenue of $17.34 billion during the quarter, compared to analyst estimates of $18.58 billion. MetLife had a net margin of 5.83% and a return on equity of 19.88%. MetLife’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $2.28 earnings per share. On average, equities analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current fiscal 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 is Tuesday, November 4th. 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.