MetLife, Inc. $MET Shares Sold by Greenfield Savings Bank

Greenfield Savings Bank trimmed its holdings in shares of MetLife, Inc. (NYSE:MET) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,888 shares of the financial services provider’s stock after selling 390 shares during the period. Greenfield Savings Bank’s holdings in MetLife were worth $1,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in MetLife by 9.0% during the fourth quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 351 shares during the period. ProShare Advisors LLC raised its stake in shares of MetLife by 13.0% during the 4th quarter. ProShare Advisors LLC now owns 148,692 shares of the financial services provider’s stock valued at $12,175,000 after buying an additional 17,094 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of MetLife in the fourth quarter worth about $605,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of MetLife in the fourth quarter worth about $348,000. Finally, Siemens Fonds Invest GmbH grew its holdings in MetLife by 15.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 29,466 shares of the financial services provider’s stock worth $2,413,000 after acquiring an additional 3,895 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analysts Set New Price Targets

MET has been the topic of several recent research reports. UBS Group lowered their price objective on MetLife from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Barclays increased their price target on shares of MetLife from $88.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Jefferies Financial Group lifted their price objective on shares of MetLife from $100.00 to $103.00 and gave the company a “buy” rating in a report on Monday, August 11th. JPMorgan Chase & Co. upped their price objective on shares of MetLife from $86.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley dropped their target price on MetLife from $98.00 to $94.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, MetLife currently has an average rating of “Moderate Buy” and a consensus target price of $95.60.

MetLife Stock Up 0.6%

NYSE MET opened at $80.86 on Friday. MetLife, Inc. has a one year low of $65.21 and a one year high of $89.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.16 and a current ratio of 0.16. The business has a fifty day moving average price of $78.24 and a 200 day moving average price of $78.29. The company has a market cap of $53.77 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.72 and a beta of 0.87.

MetLife (NYSE:MET) last released its earnings results on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). The business had revenue of $17.34 billion for the quarter, compared to analysts’ expectations of $18.58 billion. MetLife had a return on equity of 19.88% and a net margin of 5.83%.MetLife’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 EPS. Research analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 5th were given a $0.5675 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. MetLife’s dividend payout ratio is 38.47%.

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.