Brighton Jones LLC Has $475,000 Stake in MetLife, Inc. $MET

Brighton Jones LLC boosted its position in MetLife, Inc. (NYSE:MET) by 30.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,902 shares of the financial services provider’s stock after buying an additional 1,366 shares during the period. Brighton Jones LLC’s holdings in MetLife were worth $475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Capital Inc. acquired a new position in MetLife in the first quarter valued at $26,000. Motco lifted its holdings in MetLife by 105.5% in the first quarter. Motco now owns 413 shares of the financial services provider’s stock valued at $33,000 after buying an additional 212 shares during the period. GFG Capital LLC acquired a new position in MetLife in the second quarter valued at $38,000. Abound Wealth Management lifted its holdings in MetLife by 652.3% in the second quarter. Abound Wealth Management now owns 489 shares of the financial services provider’s stock valued at $39,000 after buying an additional 424 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new position in MetLife in the second quarter valued at $40,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Stock Down 0.6%

Shares of NYSE:MET opened at $78.30 on Thursday. The stock has a market cap of $52.07 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.71 and a beta of 0.86. 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, Inc. has a 12-month low of $65.21 and a 12-month high of $89.05. The business’s 50 day moving average is $80.39 and its 200 day moving average is $78.53.

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

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be given a $0.5675 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 4th. MetLife’s dividend payout ratio is presently 38.47%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price 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. lifted their price target on shares of MetLife from $86.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MetLife in a research note on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of MetLife from $94.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and an average price target of $95.18.

MetLife Company 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.