9258 Wealth Management LLC Has $604,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

9258 Wealth Management LLC reduced its holdings in shares of MetLife, Inc. (NYSE:MET) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,604 shares of the financial services provider’s stock after selling 203 shares during the period. 9258 Wealth Management LLC’s holdings in MetLife were worth $604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its holdings in shares of MetLife by 4.6% in the 4th quarter. Gilbert & Cook Inc. now owns 13,872 shares of the financial services provider’s stock worth $917,000 after buying an additional 605 shares in the last quarter. Spire Wealth Management raised its stake in MetLife by 4.6% during the fourth quarter. Spire Wealth Management now owns 7,288 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 321 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of MetLife by 5.2% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,527 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 565 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of MetLife by 85.7% in the 4th quarter. Apollon Wealth Management LLC now owns 17,014 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 7,851 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MetLife by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,878,238 shares of the financial services provider’s stock worth $256,468,000 after purchasing an additional 104,116 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MET. Barclays assumed coverage on shares of MetLife in a research report on Wednesday. They issued an “overweight” rating and a $91.00 price target on the stock. Jefferies Financial Group increased their price target on MetLife from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Wells Fargo & Company lifted their price objective on MetLife from $85.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Citigroup boosted their price objective on MetLife from $83.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Argus raised their target price on MetLife from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and an average target price of $84.54.

MetLife Stock Performance

Shares of NYSE:MET opened at $76.58 on Friday. The stock has a market capitalization of $54.46 billion, a P/E ratio of 26.32, a P/E/G ratio of 0.62 and a beta of 1.04. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.56. MetLife, Inc. has a 1-year low of $57.91 and a 1-year high of $79.34. The business has a 50-day moving average price of $73.25 and a two-hundred day moving average price of $72.02.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.15. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The business had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $18.57 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. MetLife’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts predict that MetLife, Inc. will post 8.68 earnings per share for the current year.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 6th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, August 6th. MetLife’s dividend payout ratio (DPR) is currently 74.91%.

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.