MetLife, Inc. $MET Shares Sold by US Bancorp DE

US Bancorp DE cut its position in MetLife, Inc. (NYSE:MET - Free Report) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,812 shares of the financial services provider's stock after selling 3,321 shares during the quarter. US Bancorp DE's holdings in MetLife were worth $8,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of MET. North Capital Inc. acquired a new stake in MetLife during the 1st quarter worth approximately $26,000. Motco lifted its holdings in MetLife by 105.5% during the 1st quarter. Motco now owns 413 shares of the financial services provider's stock worth $33,000 after buying an additional 212 shares in the last quarter. Abound Wealth Management boosted its holdings in MetLife by 652.3% in the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 424 shares during the period. Legend Financial Advisors Inc. purchased a new position in MetLife in the second quarter valued at $40,000. Finally, WPG Advisers LLC purchased a new position in MetLife in the first quarter valued at $46,000. 94.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on MetLife from $86.00 to $95.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Jefferies Financial Group boosted their price objective on MetLife from $100.00 to $103.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Wolfe Research raised shares of MetLife to a "strong-buy" rating in a research report on Tuesday, September 16th. Cowen reissued a "buy" rating on shares of MetLife in a research report on Friday, August 22nd. Finally, Wells Fargo & Company increased their price objective on shares of MetLife from $95.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.18.

MetLife Trading Down 2.6%

Shares of MetLife stock opened at $79.88 on Friday. The company has a fifty day simple moving average of $79.68 and a 200-day simple moving average of $78.12. MetLife, Inc. has a 12-month low of $65.21 and a 12-month high of $89.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.57. The stock has a market cap of $53.12 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.72 and a beta of 0.86.

MetLife (NYSE:MET - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.30). The firm had revenue of $17.34 billion for the quarter, compared to analysts' expectations of $18.58 billion. MetLife had a return on equity of 19.88% and a net margin of 5.83%.The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 EPS. On average, equities analysts forecast that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be given a dividend of $0.5675 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $2.27 annualized dividend and a yield of 2.8%. MetLife's payout ratio is 38.47%.

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.

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