1,430 Shares in MetLife, Inc. $MET Bought by Roble Belko & Company Inc

Roble Belko & Company Inc bought a new position in MetLife, Inc. (NYSE:MET) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,430 shares of the financial services provider’s stock, valued at approximately $115,000.

A number of other large investors also recently modified their holdings of the company. Kerusso Capital Management LLC bought a new position in shares of MetLife in the 2nd quarter worth $1,623,000. Linscomb Wealth Inc. lifted its holdings in shares of MetLife by 0.9% in the 2nd quarter. Linscomb Wealth Inc. now owns 124,180 shares of the financial services provider’s stock worth $9,987,000 after purchasing an additional 1,164 shares in the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of MetLife by 25.4% in the 2nd quarter. Simon Quick Advisors LLC now owns 6,652 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 1,349 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of MetLife by 12.4% in the 2nd quarter. Atria Investments Inc now owns 39,139 shares of the financial services provider’s stock worth $3,148,000 after purchasing an additional 4,309 shares in the last quarter. Finally, Savvy Advisors Inc. lifted its holdings in shares of MetLife by 26.7% in the 2nd quarter. Savvy Advisors Inc. now owns 3,234 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 681 shares in the last quarter. 94.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MET has been the subject of a number of analyst reports. Barclays increased their price target on MetLife from $93.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of MetLife in a research report on Friday, August 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of MetLife in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on MetLife from $86.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company increased their price target on MetLife from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, MetLife presently has an average rating of “Moderate Buy” and a consensus price target of $95.18.

MetLife Trading Up 0.9%

Shares of MET opened at $79.85 on Friday. The business has a 50-day moving average of $80.35 and a 200 day moving average of $78.58. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $89.05. The firm has a market cap of $53.10 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.70 and a beta of 0.86. 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 issued its earnings results on Wednesday, August 6th. The financial services provider reported $2.02 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $18.58 billion. During the same quarter in the prior year, the business earned $2.28 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 4th will be given a dividend of $0.5675 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. 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.