Wealthfront Advisers LLC Has $7.30 Million Stock Holdings in MetLife, Inc. $MET

Wealthfront Advisers LLC boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 1.3% in the second quarter, Holdings Channel reports. The firm owned 90,754 shares of the financial services provider’s stock after purchasing an additional 1,156 shares during the quarter. Wealthfront Advisers LLC’s holdings in MetLife were worth $7,298,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kathmere Capital Management LLC grew its position in MetLife by 88.2% in the second quarter. Kathmere Capital Management LLC now owns 6,328 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 2,965 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of MetLife by 4.8% in the 1st quarter. First Horizon Advisors Inc. now owns 422,684 shares of the financial services provider’s stock worth $33,937,000 after purchasing an additional 19,192 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new stake in shares of MetLife during the 1st quarter worth about $255,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in MetLife by 20.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,785 shares of the financial services provider’s stock valued at $4,735,000 after purchasing an additional 10,414 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp grew its stake in MetLife by 20.4% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 108,920 shares of the financial services provider’s stock worth $8,745,000 after buying an additional 18,461 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of MetLife from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Keefe, Bruyette & Woods reduced their price objective on MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, August 11th. Cowen restated a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. Wells Fargo & Company upped their price target on shares of MetLife from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group raised their price objective on shares of MetLife from $100.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.18.

MetLife Price Performance

Shares of MET stock opened at $78.89 on Tuesday. The firm’s 50 day moving average price is $80.40 and its two-hundred day moving average price is $78.43. The stock has a market cap of $52.47 billion, a PE ratio of 13.37, a PEG ratio of 0.71 and a beta of 0.86. MetLife, Inc. has a 52-week low of $65.21 and a 52-week high of $89.05. 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 announced 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 return on equity of 19.88% and a net margin of 5.83%.The company had revenue of $17.34 billion for the quarter, compared to analyst estimates of $18.58 billion. During the same period last year, the firm earned $2.28 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be issued a dividend of $0.5675 per share. This represents a $2.27 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, November 4th. MetLife’s dividend payout ratio (DPR) is 38.47%.

MetLife 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.