2,698 Shares in MetLife, Inc. $MET Bought by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. acquired a new position in MetLife, Inc. (NYSE:MET) during the 2nd quarter, HoldingsChannel reports. The fund acquired 2,698 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other institutional investors also recently modified their holdings of MET. North Capital Inc. bought a new stake in shares of MetLife in the first quarter worth $26,000. Motco grew its stake in shares of MetLife by 105.5% in the first quarter. Motco now owns 413 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 212 shares during the last quarter. GFG Capital LLC bought a new stake in shares of MetLife in the second quarter worth $38,000. Abound Wealth Management grew its stake in shares of MetLife by 652.3% in the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 424 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in shares of MetLife in the second quarter worth $40,000. Institutional investors own 94.99% of the company’s stock.

MetLife Price Performance

Shares of NYSE MET opened at $80.79 on Tuesday. The firm’s 50-day moving average price is $79.80 and its 200-day moving average price is $78.09. MetLife, Inc. has a 1-year low of $65.21 and a 1-year high of $89.05. The firm has a market capitalization of $53.73 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.72 and a beta of 0.86. 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 data 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). 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 analyst estimates of $18.58 billion. During the same quarter in the prior year, the company posted $2.28 EPS. MetLife’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th will be issued a $0.5675 dividend. 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 is currently 38.47%.

Wall Street Analysts Forecast Growth

MET has been the topic of several analyst reports. Wolfe Research raised shares of MetLife to a “strong-buy” rating in a research note on Tuesday, September 16th. Morgan Stanley upped their price target on shares of MetLife from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MetLife in a research report on Wednesday, October 8th. Piper Sandler cut shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research report on Friday, September 19th. Finally, 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 research report on Wednesday, October 8th. One 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 stock. According to MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and an average 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.