MetLife, Inc. $MET Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of MetLife, Inc. (NYSE:MET) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,624,582 shares of the financial services provider’s stock after acquiring an additional 162,041 shares during the quarter. Invesco Ltd.’s holdings in MetLife were worth $532,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quaker Wealth Management LLC boosted its position in shares of MetLife by 198.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 672 shares during the period. MTM Investment Management LLC acquired a new position in MetLife in the 2nd quarter worth approximately $37,000. GFG Capital LLC purchased a new position in MetLife during the 2nd quarter worth approximately $38,000. Abound Wealth Management lifted its holdings in shares of 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 purchasing an additional 424 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in shares of MetLife during the second quarter valued at $40,000. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Stock Up 0.6%

MET opened at $77.97 on Friday. The firm has a market cap of $51.38 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 0.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.18 and a current ratio of 0.18. The business has a 50 day moving average price of $78.73 and a 200 day moving average price of $78.71. MetLife, Inc. has a twelve month low of $65.21 and a twelve month high of $88.09.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.07. The company had revenue of $12.46 billion for the quarter, compared to analyst estimates of $18.64 billion. MetLife had a net margin of 5.30% and a return on equity of 21.00%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 earnings per share. Research analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 4th will be issued a $0.5675 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. MetLife’s dividend payout ratio (DPR) is 42.75%.

Analyst Ratings Changes

A number of brokerages have commented on MET. Weiss Ratings lowered MetLife from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Barclays boosted their price objective on shares of MetLife from $93.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of MetLife in a research note on Friday, August 22nd. Morgan Stanley boosted their price target on shares of MetLife from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company reduced their price objective on MetLife from $96.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.60.

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.