Bogart Wealth LLC Acquires 1,296 Shares of MetLife, Inc. $MET

Bogart Wealth LLC boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,601 shares of the financial services provider’s stock after purchasing an additional 1,296 shares during the quarter. Bogart Wealth LLC’s holdings in MetLife were worth $6,482,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Unison Advisors LLC increased its stake in MetLife by 0.8% in the 2nd quarter. Unison Advisors LLC now owns 52,805 shares of the financial services provider’s stock worth $4,247,000 after acquiring an additional 411 shares during the last quarter. Stephens Inc. AR increased its stake in MetLife by 10.3% in the 2nd quarter. Stephens Inc. AR now owns 42,697 shares of the financial services provider’s stock worth $3,434,000 after acquiring an additional 3,988 shares during the last quarter. Forvis Mazars Wealth Advisors LLC increased its stake in MetLife by 4.6% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 22,455 shares of the financial services provider’s stock worth $1,806,000 after acquiring an additional 992 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in MetLife by 20.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,525 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 780 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in MetLife by 3.6% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 708,088 shares of the financial services provider’s stock worth $56,944,000 after acquiring an additional 24,772 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.

MetLife Price Performance

Shares of MetLife stock opened at $78.55 on Monday. The stock has a market cap of $52.24 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.71 and a beta of 0.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50 day moving average price of $80.20 and a 200-day moving average price of $78.10. MetLife, Inc. has a one year low of $65.21 and a one year high of $89.05.

MetLife (NYSE:MET) last posted its quarterly earnings data 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 net margin of 5.83% and a return on equity of 19.88%. The business had revenue of $17.34 billion for the quarter, compared to analysts’ expectations of $18.58 billion. During the same quarter in the previous year, the firm earned $2.28 EPS. MetLife’s revenue was down 2.7% compared to the same quarter last year. Equities analysts expect that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th will be issued a dividend of $0.5675 per share. The ex-dividend date is Tuesday, November 4th. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. MetLife’s payout ratio is presently 38.47%.

Analysts Set New Price Targets

A number of analysts have issued reports on MET shares. Cowen reaffirmed a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. Keefe, Bruyette & Woods reduced their price objective on MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, August 11th. Barclays lifted their target price on MetLife from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Jefferies Financial Group lifted their target price on MetLife from $100.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, Piper Sandler cut MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Friday, September 19th. One investment 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.18.

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.