Heartland Bank & Trust Co Decreases Holdings in MetLife, Inc. $MET

Heartland Bank & Trust Co trimmed its holdings in shares of MetLife, Inc. (NYSE:METFree Report) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,230 shares of the financial services provider’s stock after selling 196 shares during the period. Heartland Bank & Trust Co’s holdings in MetLife were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MET. Csenge Advisory Group lifted its holdings in MetLife by 1.0% in the 1st quarter. Csenge Advisory Group now owns 13,647 shares of the financial services provider’s stock worth $1,096,000 after buying an additional 131 shares in the last quarter. Delta Investment Management LLC lifted its holdings in MetLife by 0.9% in the 1st quarter. Delta Investment Management LLC now owns 14,265 shares of the financial services provider’s stock worth $1,145,000 after buying an additional 133 shares in the last quarter. Ignite Planners LLC lifted its holdings in MetLife by 2.2% in the 2nd quarter. Ignite Planners LLC now owns 6,366 shares of the financial services provider’s stock worth $491,000 after buying an additional 136 shares in the last quarter. Glenview Trust co lifted its holdings in MetLife by 0.4% in the 1st quarter. Glenview Trust co now owns 38,333 shares of the financial services provider’s stock worth $3,078,000 after buying an additional 141 shares in the last quarter. Finally, My Legacy Advisors LLC lifted its holdings in MetLife by 1.2% in the 2nd quarter. My Legacy Advisors LLC now owns 14,000 shares of the financial services provider’s stock worth $1,097,000 after buying an additional 164 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MET has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of MetLife to a “strong-buy” rating in a report on Tuesday, September 16th. Weiss Ratings restated a “buy (b)” rating on shares of MetLife in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods cut their target price on shares of MetLife from $94.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, August 11th. Piper Sandler lowered shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Friday, September 19th. Finally, Cowen restated a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.18.

View Our Latest Report on MetLife

MetLife Price Performance

MET opened at $80.79 on Tuesday. The firm has a market cap of $53.73 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.72 and a beta of 0.86. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $89.05. The company’s 50-day moving average price is $79.80 and its 200 day moving average price is $78.09. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.57.

MetLife (NYSE:METGet Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.30). The business had revenue of $17.34 billion for the quarter, compared to analyst estimates of $18.58 billion. MetLife had a return on equity of 19.88% and a net margin of 5.83%.MetLife’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 EPS. As a group, sell-side analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th will be paid a dividend of $0.5675 per share. The ex-dividend date is Tuesday, November 4th. This represents a $2.27 annualized dividend and a yield of 2.8%. MetLife’s dividend payout ratio is 38.47%.

About MetLife

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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