MetLife, Inc. $MET Shares Bought by Burney Co.

Burney Co. raised its stake in MetLife, Inc. (NYSE:MET) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,076 shares of the financial services provider’s stock after purchasing an additional 908 shares during the period. Burney Co.’s holdings in MetLife were worth $5,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quaker Wealth Management LLC raised its position in MetLife by 198.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 672 shares in the last quarter. Motco increased its holdings in shares of MetLife by 105.5% in the 1st quarter. Motco now owns 413 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 212 shares during the last quarter. GFG Capital LLC purchased a new position in shares of MetLife in the 2nd quarter valued at about $38,000. Abound Wealth Management increased its holdings in shares of MetLife by 652.3% in the 2nd quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 424 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in shares of MetLife in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MET shares. Piper Sandler downgraded MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Friday, September 19th. JPMorgan Chase & Co. increased their price objective on MetLife from $86.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of MetLife in a report on Wednesday, October 8th. UBS Group decreased their target price on MetLife from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Finally, Cowen reissued a “buy” rating on shares of MetLife in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and an average target price of $95.18.

MetLife Stock Down 0.8%

MET opened at $79.21 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.16 and a quick ratio of 0.16. The business has a 50 day simple moving average of $80.32 and a 200-day simple moving average of $78.72. The stock has a market capitalization of $52.67 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.70 and a beta of 0.86. MetLife, Inc. has a 12 month low of $65.21 and a 12 month high of $89.05.

MetLife (NYSE:MET) last posted its quarterly 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). The business had revenue of $17.34 billion during the quarter, compared to analyst estimates of $18.58 billion. MetLife had a net margin of 5.83% and a return on equity of 19.88%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.28 earnings per share. On average, equities analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current fiscal 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 issued a $0.5675 dividend. 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 (DPR) is currently 38.47%.

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.