CW Advisors LLC Acquires 15,643 Shares of MetLife, Inc. $MET

CW Advisors LLC lifted its holdings in shares of MetLife, Inc. (NYSE:MET) by 58.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,311 shares of the financial services provider’s stock after acquiring an additional 15,643 shares during the quarter. CW Advisors LLC’s holdings in MetLife were worth $3,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Delta Investment Management LLC increased its position in MetLife by 0.9% during the 1st quarter. Delta Investment Management LLC now owns 14,265 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 133 shares during the period. Ignite Planners LLC increased its position in shares of MetLife by 2.2% during the second quarter. Ignite Planners LLC now owns 6,366 shares of the financial services provider’s stock valued at $491,000 after buying an additional 136 shares during the period. Legacy Capital Wealth Partners LLC raised its stake in MetLife by 3.2% in the second quarter. Legacy Capital Wealth Partners LLC now owns 4,355 shares of the financial services provider’s stock worth $350,000 after buying an additional 137 shares in the last quarter. Glenview Trust co lifted its holdings in MetLife by 0.4% in the first 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in MetLife by 1.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,902 shares of the financial services provider’s stock valued at $1,198,000 after acquiring an additional 148 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MET shares. Cowen reissued a “buy” rating on shares of MetLife in a research report on Friday, August 22nd. UBS Group reduced their price target on MetLife from $96.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Wolfe Research raised MetLife to a “strong-buy” rating in a research report on Tuesday, September 16th. Morgan Stanley boosted their target price 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, Piper Sandler lowered shares of MetLife from an “overweight” rating to a “neutral” rating and set a $84.00 price target for the company. in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.60.

MetLife Trading Up 0.7%

NYSE MET opened at $78.60 on Friday. MetLife, Inc. has a 12 month low of $65.21 and a 12 month high of $88.09. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $78.67 and its 200-day moving average price is $78.68. The stock has a market cap of $51.79 billion, a P/E ratio of 14.80, a P/E/G ratio of 0.76 and a beta of 0.76.

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

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th will be given a dividend of $0.5675 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. MetLife’s dividend payout ratio (DPR) is 42.75%.

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.