MetLife, Inc. (NYSE:MET) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its position in shares of MetLife, Inc. (NYSE:MET) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,120 shares of the financial services provider’s stock after purchasing an additional 317 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in MetLife were worth $4,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MET. GoalVest Advisory LLC grew its holdings in MetLife by 73.3% in the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock worth $29,000 after buying an additional 165 shares in the last quarter. Pineridge Advisors LLC bought a new stake in shares of MetLife during the fourth quarter valued at about $39,000. Bank & Trust Co acquired a new stake in MetLife in the second quarter worth about $39,000. Crewe Advisors LLC grew its position in MetLife by 602.5% in the 2nd 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 in the last quarter. Finally, Larson Financial Group LLC increased its stake in MetLife by 72.6% during the 2nd quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock valued at $40,000 after buying an additional 239 shares during the period. Institutional investors own 89.81% of the company’s stock.

MetLife Price Performance

Shares of NYSE:MET opened at $80.85 on Friday. The company’s fifty day moving average is $74.66 and its two-hundred day moving average is $72.63. The company has a market cap of $57.49 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 0.61 and a beta of 1.04. MetLife, Inc. has a 12-month low of $57.91 and a 12-month high of $81.39. 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 (NYSE:MET) last posted its quarterly 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 return on equity of 21.41% and a net margin of 4.23%. The firm had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. MetLife’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts expect that MetLife, Inc. will post 8.67 earnings per share for the current fiscal 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 given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, August 6th. MetLife’s payout ratio is presently 74.91%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of MetLife from $81.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Bank of America dropped their price objective on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Morgan Stanley decreased their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Keefe, Bruyette & Woods dropped 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, 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 for the company. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.