Mindset Wealth Management LLC Acquires New Shares in MetLife, Inc. (NYSE:MET)

Mindset Wealth Management LLC acquired a new stake in MetLife, Inc. (NYSE:MET) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,500 shares of the financial services provider’s stock, valued at approximately $450,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Swedbank AB lifted its holdings in shares of MetLife by 5.3% during the 3rd quarter. Swedbank AB now owns 1,970,163 shares of the financial services provider’s stock valued at $162,499,000 after buying an additional 99,328 shares during the period. Empowered Funds LLC lifted its holdings in shares of MetLife by 8.2% during the 3rd quarter. Empowered Funds LLC now owns 10,408 shares of the financial services provider’s stock valued at $858,000 after buying an additional 788 shares during the period. Quest Partners LLC lifted its holdings in shares of MetLife by 299,333.3% during the 3rd quarter. Quest Partners LLC now owns 8,983 shares of the financial services provider’s stock valued at $741,000 after buying an additional 8,980 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of MetLife during the 3rd quarter valued at $2,960,000. Finally, Prospera Private Wealth LLC bought a new position in shares of MetLife during the 3rd quarter valued at $59,000. 94.99% of the stock is owned by institutional investors.

MetLife Trading Down 0.4 %

Shares of MetLife stock opened at $82.68 on Friday. The firm has a market cap of $56.33 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 0.65 and a beta of 1.04. The business has a 50-day moving average price of $83.44 and a 200-day moving average price of $82.57. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54. MetLife, Inc. has a twelve month low of $67.30 and a twelve month high of $89.05.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. Equities research analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were given a $0.545 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.64%. MetLife’s dividend payout ratio is currently 36.52%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cowen reissued a “buy” rating on shares of MetLife in a report on Friday, March 7th. Barclays decreased their target price on MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. BMO Capital Markets initiated coverage on MetLife in a report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 target price on the stock. Finally, Morgan Stanley raised their target price on MetLife from $101.00 to $109.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.58.

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.