MetLife, Inc. (NYSE:MET) Stock Holdings Lowered by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC lowered its position in shares of MetLife, Inc. (NYSE:MET) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 25,219 shares of the financial services provider’s stock after selling 928 shares during the period. Steel Grove Capital Advisors LLC’s holdings in MetLife were worth $1,770,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GoalVest Advisory LLC grew its position in shares of MetLife by 73.3% during the first quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 165 shares during the last quarter. Bank & Trust Co bought a new position in MetLife in the 2nd quarter valued at about $39,000. Rise Advisors LLC grew its position in MetLife by 114.7% in the 1st quarter. Rise Advisors LLC now owns 556 shares of the financial services provider’s stock valued at $41,000 after buying an additional 297 shares in the last quarter. 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 grew its position in 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 buying an additional 239 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MET shares. Bank of America decreased their target price 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 assumed coverage on shares of MetLife in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $91.00 target price for the company. Jefferies Financial Group upped their price target on shares of MetLife from $83.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Morgan Stanley cut their price target 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of MetLife from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.54.

MetLife Stock Performance

Shares of MET opened at $80.85 on Monday. MetLife, Inc. has a one year low of $57.91 and a one year high of $81.39. The company has a 50-day moving average of $74.66 and a two-hundred day moving average of $72.64. The stock has a market cap 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 company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16.

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

MetLife Announces Dividend

The business also recently declared 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. This represents a $2.18 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, August 6th. MetLife’s dividend 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.