LSV Asset Management Sells 81,300 Shares of MetLife, Inc. $MET

by · The Cerbat Gem

LSV Asset Management reduced its holdings in MetLife, Inc. (NYSE:MET – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,677,100 shares of the financial services provider’s stock after selling 81,300 shares during the quarter. LSV Asset Management’s holdings in MetLife were worth $134,872,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MET. Quaker Wealth Management LLC grew its holdings in MetLife by 198.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock valued at $27,000 after buying an additional 672 shares during the last quarter. Motco boosted its position in shares of 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 acquiring an additional 212 shares during the period. MTM Investment Management LLC acquired a new stake in shares of MetLife in the second quarter worth $37,000. GFG Capital LLC acquired a new stake in shares of MetLife in the second quarter worth $38,000. Finally, Abound Wealth Management increased its position in MetLife by 652.3% during the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 424 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MET shares. Barclays increased their price target on shares of MetLife from $93.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Morgan Stanley upped their price objective 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. UBS Group decreased their target price on MetLife from $96.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group upped their price target on MetLife from $100.00 to $103.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on MetLife from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. One investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

View Our Latest Analysis on MET

MetLife Trading Down 1.0%

MET stock opened at $78.65 on Monday. MetLife, Inc. has a 1-year low of $65.21 and a 1-year high of $89.05. 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 business’s 50 day moving average is $79.82 and its 200-day moving average is $78.97. The firm has a market cap of $51.82 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.70 and a beta of 0.87.

MetLife (NYSE:MET – Get Free Report) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.30 by $0.07. MetLife had a return on equity of 19.88% and a net margin of 5.83%.The business had revenue of $12.46 billion during the quarter, compared to the consensus estimate of $18.64 billion. During the same quarter last year, the company earned $1.95 EPS. MetLife’s revenue was down 5.9% on a year-over-year basis. Equities analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Announces Dividend

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 issued a $0.5675 dividend. 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 dividend payout ratio is presently 42.75%.

MetLife Profile

(Free Report)

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.

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