Linden Thomas Advisory Services LLC Has $2.21 Million Holdings in MetLife, Inc. $MET

Linden Thomas Advisory Services LLC lifted its holdings in shares of MetLife, Inc. (NYSE:MET) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,469 shares of the financial services provider’s stock after purchasing an additional 1,154 shares during the period. Linden Thomas Advisory Services LLC’s holdings in MetLife were worth $2,209,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. North Capital Inc. acquired a new position in MetLife in the first quarter valued at $26,000. Motco lifted its holdings in MetLife by 105.5% in the first quarter. Motco now owns 413 shares of the financial services provider’s stock valued at $33,000 after buying an additional 212 shares during the period. GFG Capital LLC acquired a new position in MetLife in the second quarter valued at $38,000. Abound Wealth Management lifted its holdings in MetLife by 652.3% in the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock valued at $39,000 after buying an additional 424 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new position in MetLife in the second quarter valued at $40,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Stock Performance

MET opened at $78.71 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $80.37 and its two-hundred day moving average price is $78.38. MetLife, Inc. has a 1-year low of $65.21 and a 1-year high of $89.05. The company has a market cap of $52.34 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.71 and a beta of 0.86.

MetLife (NYSE:MET) last posted 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). The business had revenue of $17.34 billion for the quarter, compared to the consensus estimate of $18.58 billion. MetLife had a return on equity of 19.88% and a net margin of 5.83%.The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 earnings per share. On average, analysts expect that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. MetLife’s payout ratio is presently 38.47%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MET shares. Weiss Ratings restated a “buy (b)” rating on shares of MetLife in a report on Saturday. Jefferies Financial Group boosted their target price on shares of MetLife from $100.00 to $103.00 and gave the company a “buy” rating in a report on Monday, August 11th. Keefe, Bruyette & Woods decreased their price target on shares of MetLife from $94.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday, August 11th. Morgan Stanley lifted their price target on shares of MetLife from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, Cowen reaffirmed a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.18.

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.