Wealthcare Advisory Partners LLC Has $463,000 Position in MetLife, Inc. $MET

Wealthcare Advisory Partners LLC raised its holdings in MetLife, Inc. (NYSE:MET) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,759 shares of the financial services provider’s stock after buying an additional 370 shares during the period. Wealthcare Advisory Partners LLC’s holdings in MetLife were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MET. North Capital Inc. acquired a new stake in MetLife in the 1st quarter valued at $26,000. Motco increased its stake in MetLife by 105.5% in the 1st 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 last quarter. Abound Wealth Management increased its stake in MetLife by 652.3% in the 2nd 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 last quarter. Legend Financial Advisors Inc. acquired a new stake in MetLife in the 2nd quarter valued at $40,000. Finally, WPG Advisers LLC acquired a new position in shares of MetLife during the 1st quarter worth about $46,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MET shares. Piper Sandler lowered shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Friday, September 19th. Jefferies Financial Group boosted their price objective on shares of MetLife from $100.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Wells Fargo & Company boosted their price objective on shares of MetLife from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods lowered their price objective on shares of MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, August 11th. Finally, Barclays lifted their target price on shares of MetLife from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment 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 stock. Based on data from MarketBeat, MetLife currently has an average rating of “Moderate Buy” and an average price target of $95.18.

MetLife Stock Performance

NYSE MET opened at $81.94 on Friday. The firm has a 50-day moving average price of $79.56 and a two-hundred day moving average price of $78.18. The company has a market capitalization of $54.49 billion, a P/E ratio of 13.89, a P/E/G ratio of 0.74 and a beta of 0.86. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.57. MetLife, Inc. has a 12-month low of $65.21 and a 12-month high of $89.05.

MetLife (NYSE:MET) last issued 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 firm had revenue of $17.34 billion during the quarter, compared to analyst estimates of $18.58 billion. MetLife had a net margin of 5.83% and a return on equity of 19.88%. MetLife’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.28 earnings per share. Analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Dividend Announcement

The company 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 $0.5675 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. MetLife’s payout ratio is presently 38.47%.

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.