MetLife, Inc. $MET Shares Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its holdings in MetLife, Inc. (NYSE:MET) by 91.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,897 shares of the financial services provider’s stock after acquiring an additional 6,649 shares during the period. Simplicity Wealth LLC’s holdings in MetLife were worth $1,118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MET. Brighton Jones LLC grew its stake in MetLife by 9.0% during the 4th quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock worth $347,000 after buying an additional 351 shares during the last quarter. UMB Bank n.a. grew its position in shares of MetLife by 8.9% during the first quarter. UMB Bank n.a. now owns 7,586 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 619 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of MetLife by 5.7% in the 1st quarter. Park Avenue Securities LLC now owns 39,409 shares of the financial services provider’s stock worth $3,164,000 after acquiring an additional 2,119 shares during the period. Farther Finance Advisors LLC lifted its position in MetLife by 36.9% in the 1st quarter. Farther Finance Advisors LLC now owns 15,330 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 4,133 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in MetLife during the 1st quarter valued at about $474,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MET. Wolfe Research upgraded shares of MetLife to a “strong-buy” rating in a research note on Tuesday, September 16th. Cowen restated a “buy” rating on shares of MetLife in a research report on Friday, August 22nd. Jefferies Financial Group boosted their price target on MetLife from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Barclays raised their price target on MetLife from $88.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of MetLife in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.64.

MetLife Stock Down 0.0%

Shares of MET stock opened at $82.34 on Tuesday. MetLife, Inc. has a 1 year low of $65.21 and a 1 year 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 business’s fifty day moving average is $79.20 and its 200-day moving average is $78.14. The stock has a market cap of $54.76 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.74 and a beta of 0.86.

MetLife (NYSE:MET) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.30). The firm had revenue of $17.34 billion for the quarter, compared to the consensus estimate of $18.58 billion. MetLife had a net margin of 5.83% and a return on equity of 19.88%. The company’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 EPS. Equities analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

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.