Financial Management Professionals Inc. Has $576,000 Stake in MetLife, Inc. (NYSE:MET)

Financial Management Professionals Inc. increased its stake in shares of MetLife, Inc. (NYSE:MET) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,984 shares of the financial services provider’s stock after purchasing an additional 136 shares during the quarter. Financial Management Professionals Inc.’s holdings in MetLife were worth $576,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its stake in shares of MetLife by 22.6% during the 1st quarter. Sunbelt Securities Inc. now owns 2,362 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 435 shares in the last quarter. Brookstone Capital Management lifted its stake in MetLife by 30.5% in the first quarter. Brookstone Capital Management now owns 7,539 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 1,762 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in MetLife by 2.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 11,807 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 280 shares in the last quarter. Vicus Capital acquired a new position in shares of MetLife during the 1st quarter worth $407,000. Finally, Founders Financial Securities LLC raised its holdings in shares of MetLife by 1.9% during the 1st quarter. Founders Financial Securities LLC now owns 13,078 shares of the financial services provider’s stock valued at $969,000 after purchasing an additional 238 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MET shares. Morgan Stanley lowered their target price on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research 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 research note on Thursday, October 10th. JPMorgan Chase & Co. increased 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. Bank of America reduced their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, TD Cowen began coverage on shares of MetLife in a report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price objective for the company. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.46.

MetLife Price Performance

Shares of MET stock opened at $82.39 on Friday. The company has a market capitalization of $58.59 billion, a P/E ratio of 28.31, a P/E/G ratio of 0.70 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 12 month low of $57.91 and a 12 month high of $86.94. The stock has a 50 day moving average of $79.81 and a two-hundred day moving average of $74.50.

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. The firm had revenue of $17.82 billion for the quarter, compared to the consensus estimate 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 company earned $1.94 earnings per share. As a group, equities analysts expect that MetLife, Inc. will post 8.58 EPS for the current year.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio is 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.