MetLife, Inc. $MET Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its stake in shares of MetLife, Inc. (NYSE:MET) by 20.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,803 shares of the financial services provider’s stock after selling 6,547 shares during the quarter. Savant Capital LLC’s holdings in MetLife were worth $1,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Twin Capital Management Inc. grew its holdings in shares of MetLife by 0.4% in the second quarter. Twin Capital Management Inc. now owns 35,270 shares of the financial services provider’s stock valued at $2,836,000 after purchasing an additional 155 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of MetLife by 41.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 667 shares of the financial services provider’s stock worth $54,000 after buying an additional 197 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of MetLife by 2.4% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 187,805 shares of the financial services provider’s stock valued at $15,102,000 after buying an additional 4,489 shares during the period. First Horizon Advisors Inc. lifted its holdings in MetLife by 3.9% in the second quarter. First Horizon Advisors Inc. now owns 439,076 shares of the financial services provider’s stock valued at $35,311,000 after acquiring an additional 16,392 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in MetLife by 1.3% in the second quarter. Moors & Cabot Inc. now owns 12,197 shares of the financial services provider’s stock valued at $981,000 after acquiring an additional 153 shares during the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MET. Weiss Ratings restated a “buy (b)” rating on shares of MetLife in a research report on Wednesday, October 8th. Piper Sandler lowered shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Friday, September 19th. Jefferies Financial Group upped their target price on shares of MetLife from $100.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Morgan Stanley lifted their price target on shares of MetLife from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Finally, Cowen reissued a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. One investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.00.

MetLife Stock Performance

NYSE MET opened at $77.74 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $51.70 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.70 and a beta of 0.87. The stock has a 50-day moving average of $79.90 and a two-hundred day moving average of $78.89. MetLife, Inc. has a 1-year low of $65.21 and a 1-year high of $89.05.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.30 by $0.07. MetLife had a net margin of 5.83% and a return on equity of 19.88%. The business had revenue of $12.46 billion during the quarter, compared to analyst estimates of $18.64 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be paid a $0.5675 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. MetLife’s payout ratio is 42.75%.

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.