Impact Partnership Wealth LLC Reduces Holdings in MetLife, Inc. $MET

Impact Partnership Wealth LLC decreased its holdings in shares of MetLife, Inc. (NYSE:MET) by 58.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,645 shares of the financial services provider’s stock after selling 9,496 shares during the period. Impact Partnership Wealth LLC’s holdings in MetLife were worth $534,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Atria Investments Inc grew its stake in shares of MetLife by 12.4% during the second quarter. Atria Investments Inc now owns 39,139 shares of the financial services provider’s stock worth $3,148,000 after acquiring an additional 4,309 shares during the last quarter. Savvy Advisors Inc. grew its stake in shares of MetLife by 26.7% during the second quarter. Savvy Advisors Inc. now owns 3,234 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 681 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of MetLife by 3.4% during the second quarter. Arkadios Wealth Advisors now owns 73,948 shares of the financial services provider’s stock worth $5,947,000 after acquiring an additional 2,457 shares during the last quarter. World Investment Advisors grew its stake in shares of MetLife by 3.2% during the second quarter. World Investment Advisors now owns 7,417 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 228 shares during the last quarter. Finally, Quaker Wealth Management LLC grew its stake in shares of MetLife by 198.2% during the second quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 672 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

MetLife Trading Up 1.1%

Shares of NYSE:MET opened at $79.16 on Friday. MetLife, Inc. has a 12-month low of $65.21 and a 12-month high of $89.05. The company has a market capitalization of $52.64 billion, a PE ratio of 13.42, a PEG ratio of 0.70 and a beta of 0.86. The business has a 50 day moving average of $80.39 and a two-hundred day moving average of $78.54. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.57.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share (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 company had revenue of $17.34 billion during the quarter, compared to analyst estimates of $18.58 billion. During the same period in the previous year, the firm posted $2.28 earnings per share. The company’s revenue was down 2.7% compared to the same quarter last year. As a group, analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

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

Analyst Ratings Changes

MET has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price on MetLife from $94.00 to $92.00 and set an “outperform” rating for the company in a report on Monday, August 11th. Jefferies Financial Group lifted their target price on MetLife from $100.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Wolfe Research raised MetLife to a “strong-buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company upped their price target on shares of MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, UBS Group lowered their price target on shares of MetLife from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, MetLife has an average rating of “Moderate Buy” and a consensus price target of $95.18.

About MetLife

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.