MetLife, Inc. (NYSE:MET) Shares Acquired by Graypoint LLC

Graypoint LLC raised its stake in MetLife, Inc. (NYSE:MET - Free Report) by 90.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,206 shares of the financial services provider's stock after buying an additional 4,372 shares during the period. Graypoint LLC's holdings in MetLife were worth $739,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Ball & Co Wealth Management Inc. bought a new stake in MetLife during the 4th quarter worth approximately $25,000. Transce3nd LLC bought a new position in MetLife during the fourth quarter valued at $26,000. North Capital Inc. bought a new position in MetLife during the first quarter valued at $26,000. Quarry LP purchased a new stake in shares of MetLife during the fourth quarter worth $31,000. Finally, Graney & King LLC purchased a new stake in shares of MetLife during the fourth quarter worth $34,000. Institutional investors own 94.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on MetLife from $86.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods dropped their target price on MetLife from $95.00 to $94.00 and set an "outperform" rating for the company in a report on Wednesday, July 9th. Wall Street Zen lowered MetLife from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Morgan Stanley reaffirmed an "overweight" rating and set a $98.00 price target (down previously from $99.00) on shares of MetLife in a research report on Monday, July 14th. Finally, Piper Sandler upped their price target on MetLife from $92.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.50.

MetLife Trading Down 0.2%

Shares of NYSE MET traded down $0.15 during trading hours on Friday, reaching $77.18. The stock had a trading volume of 2,065,460 shares, compared to its average volume of 3,357,426. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.55. The firm has a market cap of $51.81 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 0.63 and a beta of 0.85. The business's fifty day moving average price is $78.96 and its two-hundred day moving average price is $79.83. MetLife, Inc. has a 52-week low of $65.21 and a 52-week high of $89.05.

MetLife (NYSE:MET - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $1.96 earnings per share for the quarter, missing analysts' consensus estimates of $2.00 by ($0.04). The company had revenue of $18.57 billion for the quarter, compared to analysts' expectations of $18.06 billion. MetLife had a return on equity of 20.89% and a net margin of 6.08%. The firm's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. Analysts expect that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 5th will be given a $0.5675 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, August 5th. MetLife's payout ratio is 36.91%.

MetLife declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 30th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.