Lbp Am Sa Invests $4.13 Million in MetLife, Inc. $MET

Lbp Am Sa acquired a new position in MetLife, Inc. (NYSE:MET) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 51,401 shares of the financial services provider’s stock, valued at approximately $4,134,000.

Other institutional investors also recently bought and sold shares of the company. Kathmere Capital Management LLC boosted its holdings in MetLife by 88.2% during the 2nd 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. boosted its holdings in MetLife by 4.8% during the 1st quarter. First Horizon Advisors Inc. now owns 422,684 shares of the financial services provider’s stock valued at $33,937,000 after acquiring an additional 19,192 shares during the period. Ritholtz Wealth Management boosted its holdings in MetLife by 52.1% during the 1st quarter. Ritholtz Wealth Management now owns 9,355 shares of the financial services provider’s stock valued at $751,000 after acquiring an additional 3,204 shares during the period. Pinnacle Financial Partners Inc purchased a new stake in MetLife during the 1st quarter valued at about $255,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted 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 acquiring an additional 10,414 shares during the period. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

MetLife Stock Performance

NYSE:MET opened at $82.06 on Thursday. The stock has a 50-day simple moving average of $78.96 and a two-hundred day simple moving average of $78.20. 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. The firm has a market capitalization of $54.57 billion, a PE ratio of 13.91, a P/E/G ratio of 0.74 and a beta of 0.86.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $18.58 billion. During the same period in the prior year, the firm posted $2.28 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.5675 per share. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, August 5th. MetLife’s payout ratio is currently 38.47%.

Analyst Ratings Changes

MET has been the subject of several analyst reports. Piper Sandler cut MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Friday, September 19th. 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 research report on Monday, August 11th. 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. Barclays raised their price objective on MetLife from $88.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their price objective on MetLife from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and an average price target of $94.64.

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.