MetLife, Inc. (NYSE:MET) Shares Purchased by Janney Capital Management LLC

Janney Capital Management LLC increased its stake in shares of MetLife, Inc. (NYSE:MET) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,390 shares of the financial services provider’s stock after purchasing an additional 740 shares during the quarter. Janney Capital Management LLC’s holdings in MetLife were worth $3,331,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MET. Wolff Wiese Magana LLC lifted its holdings in shares of MetLife by 374.3% during the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 277 shares during the period. Fortitude Family Office LLC raised its position in MetLife by 177.3% in the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 266 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of MetLife during the second quarter valued at $39,000. Crewe Advisors LLC boosted its stake in shares of MetLife by 602.5% during the second quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 482 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of MetLife by 72.6% during the second quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 239 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

MetLife Stock Performance

Shares of NYSE:MET opened at $78.43 on Friday. The company has a market cap of $54.93 billion, a P/E ratio of 15.81, a PEG ratio of 0.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a one year low of $58.89 and a one year high of $86.94. The business’s 50-day simple moving average is $80.59 and its 200 day simple moving average is $74.88.

MetLife (NYSE:MET) last announced its 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 business had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $18.57 billion. MetLife had a return on equity of 20.01% and a net margin of 5.27%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. On average, sell-side analysts forecast that MetLife, Inc. will post 8.47 earnings per share for the current fiscal year.

MetLife Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on MET shares. Bank of America decreased their price objective on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. TD Cowen began coverage on MetLife in a research note on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price target on the stock. Keefe, Bruyette & Woods decreased their price target on MetLife from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Morgan Stanley decreased their price target on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised their price target on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.38.

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.