XTX Topco Ltd Invests $2.82 Million in MetLife, Inc. (NYSE:MET)

XTX Topco Ltd bought a new stake in MetLife, Inc. (NYSE:MET) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,148 shares of the financial services provider’s stock, valued at approximately $2,818,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. raised its holdings in shares of MetLife by 4.6% in the 4th quarter. Gilbert & Cook Inc. now owns 13,872 shares of the financial services provider’s stock worth $917,000 after buying an additional 605 shares in the last quarter. Gryphon Financial Partners LLC acquired a new position in MetLife during the fourth quarter worth $201,000. Brown Advisory Inc. raised its stake in MetLife by 1.6% during the fourth quarter. Brown Advisory Inc. now owns 14,857 shares of the financial services provider’s stock worth $983,000 after acquiring an additional 232 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of MetLife by 22.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 12,550 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 2,313 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of MetLife by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 624,073 shares of the financial services provider’s stock valued at $41,270,000 after purchasing an additional 4,127 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Stock Performance

Shares of NYSE:MET opened at $79.25 on Thursday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.56. MetLife, Inc. has a 1-year low of $57.91 and a 1-year high of $79.63. The stock has a market capitalization of $56.36 billion, a P/E ratio of 27.23, a P/E/G ratio of 0.61 and a beta of 1.04. The business has a 50-day moving average price of $74.34 and a two-hundred day moving average price of $72.48.

MetLife (NYSE:MET) last announced its quarterly earnings data 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. The business had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. MetLife had a net margin of 4.23% and a return on equity of 21.41%. MetLife’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. Equities analysts predict that MetLife, Inc. will post 8.67 earnings per share for the current year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 6th were paid 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 dividend payout ratio (DPR) is presently 74.91%.

Wall Street Analyst Weigh In

MET has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of MetLife from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, August 12th. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Barclays began coverage on MetLife in a research report on Wednesday, September 4th. They set an “overweight” rating and a $91.00 price target on the stock. Jefferies Financial Group lifted their price objective on MetLife from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Bank of America decreased their target price on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.54.

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.