Elo Mutual Pension Insurance Co Sells 5,628 Shares of MetLife, Inc. (NYSE:MET)

Elo Mutual Pension Insurance Co lowered its position in shares of MetLife, Inc. (NYSE:MET) by 9.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,860 shares of the financial services provider’s stock after selling 5,628 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in MetLife were worth $3,640,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GoalVest Advisory LLC raised its holdings in MetLife by 73.3% during the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 165 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of MetLife during the 2nd quarter worth approximately $39,000. Rise Advisors LLC raised its stake in shares of MetLife by 114.7% during the first quarter. Rise Advisors LLC now owns 556 shares of the financial services provider’s stock worth $41,000 after buying an additional 297 shares during the last quarter. Crewe Advisors LLC lifted its holdings in MetLife by 602.5% in the second quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock valued at $39,000 after buying an additional 482 shares during the period. Finally, Larson Financial Group LLC boosted its stake in MetLife by 72.6% in the second quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Trading Up 1.2 %

Shares of NYSE MET opened at $79.25 on Thursday. MetLife, Inc. has a twelve month low of $57.91 and a twelve month high of $79.63. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average is $74.34 and its 200-day moving average is $72.48. The stock has a market cap of $56.36 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 0.61 and a beta of 1.04.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.15. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The business had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. During the same period last year, the business posted $1.94 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that MetLife, Inc. will post 8.67 EPS for the current year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 6th were issued a dividend of $0.545 per share. The ex-dividend date was Tuesday, August 6th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.75%. MetLife’s payout ratio is 74.91%.

Analyst Ratings Changes

MET has been the subject of several recent research reports. Morgan Stanley dropped their target price on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Jefferies Financial Group increased their target price on MetLife from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Wells Fargo & Company boosted their target price on MetLife from $85.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods cut their price target on shares of MetLife from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Finally, Bank of America decreased their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.54.

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.