Simplicity Wealth LLC Has $495,000 Stake in MetLife, Inc. $MET

Simplicity Wealth LLC trimmed its holdings in shares of MetLife, Inc. (NYSE:METFree Report) by 49.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,265 shares of the financial services provider’s stock after selling 6,241 shares during the quarter. Simplicity Wealth LLC’s holdings in MetLife were worth $495,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Joel Isaacson & Co. LLC increased its position in MetLife by 34.2% during the fourth quarter. Joel Isaacson & Co. LLC now owns 14,152 shares of the financial services provider’s stock worth $1,117,000 after buying an additional 3,606 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in MetLife during the fourth quarter worth $35,000. Strategic Blueprint LLC grew its position in shares of MetLife by 14.3% in the fourth quarter. Strategic Blueprint LLC now owns 5,861 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 735 shares during the last quarter. Certuity LLC acquired a new stake in shares of MetLife in the fourth quarter valued at about $202,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of MetLife in the fourth quarter valued at about $37,000. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Stock Up 0.2%

NYSE MET opened at $80.29 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a 50-day simple moving average of $73.14 and a 200 day simple moving average of $76.60. MetLife, Inc. has a twelve month low of $67.33 and a twelve month high of $83.85. The stock has a market cap of $52.36 billion, a PE ratio of 17.08, a PEG ratio of 0.71 and a beta of 0.78.

MetLife (NYSE:METGet Free Report) last released its earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.15. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The business had revenue of $52.44 billion during the quarter, compared to analysts’ expectations of $31.43 billion. During the same quarter last year, the company earned $2.08 earnings per share. The firm’s revenue was up 27.6% on a year-over-year basis. On average, research analysts forecast that MetLife, Inc. will post 9.85 EPS for the current year.

MetLife Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 12th will be paid a $0.5925 dividend. The ex-dividend date is Tuesday, May 12th. This is a boost from MetLife’s previous quarterly dividend of $0.57. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. MetLife’s dividend payout ratio is 48.30%.

Key Stories Impacting MetLife

Here are the key news stories impacting MetLife this week:

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on MetLife from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Weiss Ratings downgraded MetLife from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 9th. UBS Group raised their price target on MetLife from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. TD Cowen lowered their price target on MetLife from $91.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Finally, Evercore set a $96.00 price target on MetLife in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.38.

View Our Latest Stock Analysis on MET

MetLife Company Profile

(Free Report)

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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