MetLife, Inc. (NYSE:MET) Shares Sold by Greenfield Savings Bank

Greenfield Savings Bank reduced its holdings in MetLife, Inc. (NYSE:MET) by 2.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,951 shares of the financial services provider’s stock after selling 505 shares during the quarter. Greenfield Savings Bank’s holdings in MetLife were worth $1,728,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MET. Vanguard Group Inc. raised its holdings in shares of MetLife by 3.4% in the first quarter. Vanguard Group Inc. now owns 59,622,348 shares of the financial services provider’s stock worth $4,418,612,000 after acquiring an additional 1,974,268 shares during the last quarter. Swedbank AB acquired a new position in shares of MetLife in the first quarter worth $131,456,000. Acadian Asset Management LLC raised its holdings in shares of MetLife by 7,837.0% in the second quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock worth $79,250,000 after acquiring an additional 1,115,124 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of MetLife by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after acquiring an additional 988,666 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of MetLife by 29.7% in the first quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider’s stock worth $157,133,000 after acquiring an additional 485,811 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MET has been the subject of a number of analyst reports. Citigroup boosted their price target on MetLife from $83.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Piper Sandler lifted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods lowered their price objective on MetLife from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. JPMorgan Chase & Co. upped their price target on MetLife from $81.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 2nd. Finally, Jefferies Financial Group increased their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, MetLife has a consensus rating of “Moderate Buy” and an average price target of $87.25.

MetLife Trading Down 1.2 %

Shares of NYSE MET opened at $83.00 on Tuesday. The company has a market cap of $59.02 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 0.66 and a beta of 1.04. MetLife, Inc. has a 12-month low of $57.91 and a 12-month high of $84.26. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $75.97 and its 200 day simple moving average is $73.33.

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

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.