AE Wealth Management LLC Raises Stake in MetLife, Inc. (NYSE:MET)

AE Wealth Management LLC lifted its stake in shares of MetLife, Inc. (NYSE:MET) by 20.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,588 shares of the financial services provider’s stock after acquiring an additional 7,383 shares during the period. AE Wealth Management LLC’s holdings in MetLife were worth $3,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MET. GoalVest Advisory LLC boosted 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 valued at $29,000 after purchasing an additional 165 shares during the last quarter. Pineridge Advisors LLC purchased a new position in MetLife in the fourth quarter worth approximately $39,000. Bank & Trust Co acquired a new stake in MetLife during the second quarter worth $39,000. Crewe Advisors LLC raised its position 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 purchasing an additional 482 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of MetLife by 72.6% in the 2nd quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

MET has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on MetLife from $81.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group boosted their price target on shares of MetLife from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Bank of America lowered their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Barclays started coverage on MetLife in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $91.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on MetLife from $85.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.54.

MetLife Trading Down 0.3 %

MET opened at $80.85 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $57.49 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 0.61 and a beta of 1.04. The business has a fifty day moving average price of $74.66 and a 200 day moving average price of $72.64. MetLife, Inc. has a 12 month low of $57.91 and a 12 month high of $81.39.

MetLife (NYSE:MET) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share 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 firm had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts expect that MetLife, Inc. will post 8.67 earnings per share for the current fiscal year.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 6th were issued a $0.545 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.70%. MetLife’s payout ratio is 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.