MetLife, Inc. $MET Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. reduced its stake in shares of MetLife, Inc. (NYSE:MET) by 2.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,647 shares of the financial services provider’s stock after selling 170 shares during the period. Harbour Investments Inc.’s holdings in MetLife were worth $535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MET. Bayforest Capital Ltd grew its position in shares of MetLife by 577.9% during the 2nd quarter. Bayforest Capital Ltd now owns 11,463 shares of the financial services provider’s stock valued at $922,000 after acquiring an additional 9,772 shares during the period. Sagespring Wealth Partners LLC increased its stake in MetLife by 30.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 7,631 shares of the financial services provider’s stock worth $614,000 after buying an additional 1,791 shares in the last quarter. TD Asset Management Inc increased its stake in MetLife by 25.4% during the 2nd quarter. TD Asset Management Inc now owns 664,993 shares of the financial services provider’s stock worth $53,479,000 after buying an additional 134,799 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in MetLife by 5.2% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 8,792 shares of the financial services provider’s stock worth $707,000 after buying an additional 433 shares in the last quarter. Finally, Perfromance Wealth Partners LLC purchased a new stake in MetLife during the 2nd quarter worth approximately $639,000. 94.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MET has been the subject of several research reports. Morgan Stanley boosted their price objective on MetLife from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lowered their target price on MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a report on Monday, August 11th. Wolfe Research upgraded MetLife to a “strong-buy” rating in a report on Tuesday, September 16th. Piper Sandler cut MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Friday, September 19th. Finally, UBS Group lowered their target price on MetLife from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, MetLife presently has an average rating of “Moderate Buy” and an average price target of $95.18.

MetLife Trading Up 0.9%

MET opened at $78.55 on Monday. MetLife, Inc. has a one year low of $65.21 and a one year high of $89.05. The stock has a market capitalization of $52.24 billion, a PE ratio of 13.31, a P/E/G ratio of 0.71 and a beta of 0.86. The business’s 50 day moving average price is $80.20 and its 200 day moving average price is $78.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). MetLife had a net margin of 5.83% and a return on equity of 19.88%. The business had revenue of $17.34 billion during the quarter, compared to analyst estimates of $18.58 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts expect that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be given a $0.5675 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. MetLife’s payout ratio is presently 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.