Global Retirement Partners LLC Has $577,000 Holdings in MetLife, Inc. (NYSE:MET)

Global Retirement Partners LLC raised its position in MetLife, Inc. (NYSE:MET) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,999 shares of the financial services provider’s stock after buying an additional 266 shares during the period. Global Retirement Partners LLC’s holdings in MetLife were worth $577,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abacus Planning Group Inc. boosted its holdings in MetLife by 1.0% in the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock valued at $1,015,000 after purchasing an additional 127 shares during the period. Ameliora Wealth Management Ltd. boosted its stake in MetLife by 1.7% during the third quarter. Ameliora Wealth Management Ltd. now owns 8,548 shares of the financial services provider’s stock worth $705,000 after acquiring an additional 139 shares in the last quarter. Forum Financial Management LP lifted its stake in shares of MetLife by 1.0% in the second quarter. Forum Financial Management LP now owns 13,729 shares of the financial services provider’s stock worth $964,000 after buying an additional 141 shares in the last quarter. Drive Wealth Management LLC lifted its stake in shares of MetLife by 3.5% in the second quarter. Drive Wealth Management LLC now owns 4,217 shares of the financial services provider’s stock worth $296,000 after buying an additional 141 shares in the last quarter. Finally, Hills Bank & Trust Co raised its holdings in shares of MetLife by 8.3% during the second quarter. Hills Bank & Trust Co now owns 1,855 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

MET has been the topic of several recent analyst reports. Barclays began coverage on shares of MetLife in a research report on Wednesday, September 4th. They set an “overweight” rating and a $91.00 price objective on the stock. Piper Sandler lifted their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Bank of America dropped their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Citigroup upped their price objective on shares of MetLife from $83.00 to $89.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, 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 report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.46.

MetLife Trading Down 0.4 %

NYSE:MET opened at $85.32 on Monday. The company has a market capitalization of $60.67 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 0.69 and a beta of 1.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. MetLife, Inc. has a 52-week low of $57.91 and a 52-week high of $86.94. The stock has a fifty day simple moving average of $78.52 and a 200-day simple moving average of $74.13.

MetLife (NYSE:MET) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.15. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The firm had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $18.57 billion. During the same quarter in the previous year, the company posted $1.94 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts expect that MetLife, Inc. will post 8.61 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Tuesday, November 5th. MetLife’s payout ratio is currently 74.91%.

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.