Northern Financial Advisors Inc Sells 175 Shares of MetLife, Inc. (NYSE:MET)

Northern Financial Advisors Inc reduced its stake in MetLife, Inc. (NYSE:MET) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,625 shares of the financial services provider’s stock after selling 175 shares during the quarter. Northern Financial Advisors Inc’s holdings in MetLife were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC lifted its holdings in shares of MetLife by 374.3% in the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 277 shares in the last quarter. Fortitude Family Office LLC raised its position in MetLife by 177.3% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock valued at $34,000 after buying an additional 266 shares during the last quarter. Bank & Trust Co acquired a new position in MetLife during the 2nd quarter worth approximately $39,000. Crewe Advisors LLC boosted its position in MetLife by 602.5% during the 2nd quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 482 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of MetLife by 72.6% in the second quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Wells Fargo & Company raised their price objective on MetLife from $86.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Jefferies Financial Group raised their price target on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Keefe, Bruyette & Woods dropped their price objective on MetLife from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.38.

MetLife Stock Up 0.0 %

MET opened at $78.43 on Friday. The stock’s fifty day simple moving average is $80.59 and its 200 day simple moving average is $74.88. MetLife, Inc. has a 1-year low of $58.89 and a 1-year high of $86.94. The stock has a market cap of $54.93 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.66 and a beta of 1.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.49.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.15. The company had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. MetLife had a net margin of 5.27% and a return on equity of 20.01%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. As a group, research analysts expect that MetLife, Inc. will post 8.47 earnings per share for the current year.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be issued a $0.545 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.78%. MetLife’s dividend payout ratio is currently 43.95%.

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.