Profund Advisors LLC Sells 452 Shares of MetLife, Inc. (NYSE:MET)

Profund Advisors LLC decreased its position in MetLife, Inc. (NYSE:MET) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,690 shares of the financial services provider’s stock after selling 452 shares during the quarter. Profund Advisors LLC’s holdings in MetLife were worth $610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MET. GoalVest Advisory LLC grew its stake in shares of MetLife by 73.3% during the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 165 shares during the period. Pineridge Advisors LLC bought a new stake in shares of MetLife during the 4th quarter valued at $39,000. Bank & Trust Co purchased a new stake in MetLife during the 2nd quarter worth about $39,000. Crewe Advisors LLC grew its holdings in MetLife by 602.5% during the 2nd quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock valued at $39,000 after buying an additional 482 shares in the last quarter. Finally, Larson Financial Group LLC lifted 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 worth $40,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MET shares. Morgan Stanley reduced their price target on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Wells Fargo & Company increased their target price on shares of MetLife from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Barclays assumed coverage on shares of MetLife in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $91.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price target on MetLife from $81.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, MetLife presently has an average rating of “Moderate Buy” and a consensus target price of $84.54.

MetLife Price Performance

NYSE:MET opened at $80.74 on Thursday. The business’s 50-day moving average is $74.90 and its 200 day moving average is $72.78. 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 12 month low of $57.91 and a 12 month high of $81.85. The company has a market capitalization of $56.54 billion, a P/E ratio of 27.75, a P/E/G ratio of 0.66 and a beta of 1.04.

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

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 6th were paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, August 6th. MetLife’s dividend payout ratio 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.