Nisa Investment Advisors LLC Lowers Position in MetLife, Inc. $MET

Nisa Investment Advisors LLC lessened its position in MetLife, Inc. (NYSE:MET) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,738 shares of the financial services provider’s stock after selling 17,114 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MetLife were worth $15,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MET. Brighton Jones LLC lifted its stake in shares of MetLife by 9.0% in the 4th quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 351 shares during the period. GAMMA Investing LLC increased its position in MetLife by 10.7% during the 1st quarter. GAMMA Investing LLC now owns 10,162 shares of the financial services provider’s stock valued at $816,000 after buying an additional 984 shares in the last quarter. PDS Planning Inc increased its position in MetLife by 13.2% during the 1st quarter. PDS Planning Inc now owns 2,784 shares of the financial services provider’s stock valued at $224,000 after buying an additional 324 shares in the last quarter. Transcend Capital Advisors LLC increased its position in MetLife by 24.7% during the 1st quarter. Transcend Capital Advisors LLC now owns 3,205 shares of the financial services provider’s stock valued at $257,000 after buying an additional 635 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position 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 buying an additional 10,414 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Piper Sandler lowered MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Friday, September 19th. Cowen restated a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. Weiss Ratings restated a “buy (b)” rating on shares of MetLife in a research note on Saturday. Keefe, Bruyette & Woods decreased their price target on MetLife from $94.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday, August 11th. Finally, Wells Fargo & Company boosted their price target on MetLife from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note 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 company’s stock. According to data from MarketBeat.com, MetLife has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

MetLife Stock Performance

Shares of MET opened at $78.71 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a one year low of $65.21 and a one year high of $89.05. The firm has a market capitalization of $52.34 billion, a P/E ratio of 13.34, a PEG ratio of 0.71 and a beta of 0.86. The business has a fifty day moving average of $80.37 and a 200 day moving average of $78.40.

MetLife (NYSE:MET) last issued its quarterly earnings data 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). MetLife had a return on equity of 19.88% and a net margin of 5.83%.The firm had revenue of $17.34 billion during the quarter, compared to the consensus estimate of $18.58 billion. During the same period in the previous year, the firm earned $2.28 EPS. The business’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 4th will be given a $0.5675 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 4th. MetLife’s payout ratio is presently 38.47%.

MetLife 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.