MetLife, Inc. $MET Position Raised by Future Fund LLC

Future Fund LLC grew its position in shares of MetLife, Inc. (NYSE:MET) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,661 shares of the financial services provider’s stock after acquiring an additional 897 shares during the quarter. Future Fund LLC’s holdings in MetLife were worth $777,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MET. Quaker Wealth Management LLC boosted its stake in MetLife by 198.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 672 shares during the period. Motco raised its holdings in shares of MetLife by 105.5% during 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 last quarter. GFG Capital LLC acquired a new position in shares of MetLife during the second quarter worth approximately $38,000. Abound Wealth Management increased its position 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 acquiring an additional 424 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in MetLife in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Price Performance

Shares of NYSE:MET opened at $76.11 on Monday. The company’s fifty day moving average is $80.04 and its two-hundred day moving average is $78.86. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.57. The company has a market cap of $50.62 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.70 and a beta of 0.87. MetLife, Inc. has a 12-month low of $65.21 and a 12-month high of $89.05.

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 firm had revenue of $12.46 billion for the quarter, compared to analyst estimates of $18.64 billion. MetLife had a net margin of 5.83% and a return on equity of 19.88%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. Equities analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors 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 dividend on an annualized basis and a yield of 3.0%. MetLife’s dividend payout ratio (DPR) is presently 42.75%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MET shares. Piper Sandler cut MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price target for the company. in a research note on Friday, September 19th. Barclays increased their target price on shares of MetLife from $93.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Wolfe Research upgraded shares of MetLife to a “strong-buy” rating in a research report on Tuesday, September 16th. UBS Group decreased their price objective on shares of MetLife from $96.00 to $95.00 and set a “buy” rating for the company in a report on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of MetLife in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

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.