Forum Financial Management LP Has $1.09 Million Stock Holdings in MetLife, Inc. $MET

Forum Financial Management LP raised its position in MetLife, Inc. (NYSE:MET) by 1.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,607 shares of the financial services provider’s stock after purchasing an additional 151 shares during the period. Forum Financial Management LP’s holdings in MetLife were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new position in MetLife in the 1st quarter valued at $26,000. Motco grew its holdings in MetLife by 105.5% in the 1st quarter. Motco now owns 413 shares of the financial services provider’s stock valued at $33,000 after buying an additional 212 shares in the last quarter. GFG Capital LLC acquired a new stake in shares of MetLife during the 2nd quarter worth $38,000. Abound Wealth Management grew its holdings in shares of MetLife by 652.3% during the 2nd quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 424 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of MetLife during the 2nd quarter worth $40,000. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Price Performance

Shares of MET stock opened at $78.17 on Friday. 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 twelve month low of $65.21 and a twelve month high of $89.05. The company has a market cap of $51.99 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.71 and a beta of 0.86. The business has a fifty day simple moving average of $80.35 and a 200 day simple moving average of $78.24.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $18.58 billion. During the same quarter in the prior year, the company earned $2.28 earnings per share. MetLife’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be given a $0.5675 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $2.27 annualized dividend and a yield of 2.9%. MetLife’s dividend payout ratio (DPR) is currently 38.47%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MET. Morgan Stanley increased their target price on MetLife from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Wolfe Research raised MetLife to a “strong-buy” rating in a report on Tuesday, September 16th. Cowen reissued a “buy” rating on shares of MetLife in a report on Friday, August 22nd. Keefe, Bruyette & Woods reduced their target price on MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a report on Monday, August 11th. Finally, UBS Group reduced their target price on MetLife from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and an average target price of $95.18.

MetLife 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.