Osaic Holdings Inc. Buys 43,813 Shares of MetLife, Inc. $MET

Osaic Holdings Inc. lifted its stake in shares of MetLife, Inc. (NYSE:MET) by 49.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,722 shares of the financial services provider’s stock after purchasing an additional 43,813 shares during the quarter. Osaic Holdings Inc.’s holdings in MetLife were worth $10,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MET. Quaker Wealth Management LLC grew its stake in shares of MetLife by 198.2% during the second quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock worth $27,000 after buying an additional 672 shares during the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of MetLife during the 2nd quarter valued at $35,000. MTM Investment Management LLC bought a new stake in MetLife during the 2nd quarter worth $37,000. GFG Capital LLC acquired a new position in MetLife in the 2nd quarter worth about $38,000. Finally, Abound Wealth Management boosted its stake in shares of MetLife by 652.3% during the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 424 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

MetLife Price Performance

MetLife stock opened at $81.54 on Friday. The stock has a market capitalization of $53.72 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 0.79 and a beta of 0.76. MetLife, Inc. has a 52-week low of $65.21 and a 52-week high of $88.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.18 and a current ratio of 0.18. The stock’s 50 day moving average price is $78.50 and its two-hundred day moving average price is $78.88.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.07. The company had revenue of $12.46 billion during the quarter, compared to analyst estimates of $18.64 billion. MetLife had a net margin of 5.30% and a return on equity of 21.00%. MetLife’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 EPS. On average, equities analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 4th were issued a dividend of $0.5675 per share. The ex-dividend date was Tuesday, November 4th. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. MetLife’s dividend payout ratio is currently 42.75%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MET shares. Wolfe Research raised MetLife to a “strong-buy” rating in a research note on Tuesday, September 16th. Cowen reissued a “buy” rating on shares of MetLife in a report on Friday, August 22nd. Morgan Stanley set a $101.00 price target on shares of MetLife and gave the company an “overweight” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of MetLife in a report on Monday. Finally, Wells Fargo & Company decreased their price objective on MetLife from $96.00 to $92.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.55.

About MetLife

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.