F M Investments LLC Acquires 14,976 Shares of MetLife, Inc. (NYSE:MET)

F M Investments LLC boosted its holdings in MetLife, Inc. (NYSE:MET) by 17.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 98,418 shares of the financial services provider’s stock after purchasing an additional 14,976 shares during the quarter. F M Investments LLC’s holdings in MetLife were worth $8,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Abacus Planning Group Inc. boosted its stake in MetLife by 1.0% in the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock worth $1,015,000 after purchasing an additional 127 shares during the period. Financial Management Professionals Inc. boosted its position in shares of MetLife by 2.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 136 shares during the last quarter. Ameliora Wealth Management Ltd. boosted its position in shares of MetLife by 1.7% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 8,548 shares of the financial services provider’s stock valued at $705,000 after acquiring an additional 139 shares during the last quarter. Greenleaf Trust boosted its position in shares of MetLife by 0.4% during the 3rd quarter. Greenleaf Trust now owns 31,393 shares of the financial services provider’s stock valued at $2,589,000 after acquiring an additional 139 shares during the last quarter. Finally, Forum Financial Management LP boosted its position in shares of MetLife by 1.0% during the 2nd quarter. Forum Financial Management LP now owns 13,729 shares of the financial services provider’s stock valued at $964,000 after acquiring an additional 141 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lowered their price target on MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley lowered their price target on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Piper Sandler raised their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their price target on MetLife from $86.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.38.

MetLife Stock Performance

MET stock opened at $78.43 on Friday. The firm has a market cap of $54.93 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 0.66 and a beta of 1.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.49. MetLife, Inc. has a twelve month low of $58.89 and a twelve month high of $86.94. The business’s fifty day simple moving average is $80.59 and its two-hundred day simple moving average is $74.88.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.28 EPS for the quarter, beating the consensus estimate of $2.13 by $0.15. The firm had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. MetLife had a return on equity of 20.01% and a net margin of 5.27%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share. Analysts predict that MetLife, Inc. will post 8.47 earnings per share for the current year.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.78%. MetLife’s dividend payout ratio is currently 43.95%.

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.