Marcum Wealth LLC Boosts Stock Holdings in MetLife, Inc. (NYSE:MET)

Marcum Wealth LLC grew its position in MetLife, Inc. (NYSE:MET) by 12.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,785 shares of the financial services provider’s stock after purchasing an additional 405 shares during the period. Marcum Wealth LLC’s holdings in MetLife were worth $312,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. GoalVest Advisory LLC increased its stake in MetLife by 73.3% in the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock valued at $29,000 after buying an additional 165 shares during the last quarter. Bank & Trust Co bought a new position in shares of MetLife in the second quarter valued at approximately $39,000. Rise Advisors LLC increased its position in shares of MetLife by 114.7% during the first quarter. Rise Advisors LLC now owns 556 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 297 shares during the last quarter. Crewe Advisors LLC lifted its holdings in MetLife by 602.5% during the second quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 482 shares during the period. Finally, Larson Financial Group LLC boosted its position in MetLife by 72.6% in the second quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 239 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Citigroup increased their target price on shares of MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of MetLife from $81.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Piper Sandler raised their target price on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group upped their price target on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.46.

MetLife Trading Down 0.6 %

Shares of MET opened at $84.03 on Friday. MetLife, Inc. has a twelve month low of $57.91 and a twelve month high of $85.07. The stock has a market cap of $58.85 billion, a PE ratio of 22.65, a P/E/G ratio of 0.69 and a beta of 1.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $76.40 and its 200-day moving average price is $73.55.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.15. The business had revenue of $17.82 billion for the quarter, compared to analysts’ expectations of $18.57 billion. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.94 EPS. On average, equities analysts forecast that MetLife, Inc. will post 8.61 EPS for the current fiscal year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend payout ratio is 58.76%.

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.