Eagle Bay Advisors LLC Has $99,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

Eagle Bay Advisors LLC reduced its holdings in shares of MetLife, Inc. (NYSE:MET) by 19.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,195 shares of the financial services provider’s stock after selling 281 shares during the period. Eagle Bay Advisors LLC’s holdings in MetLife were worth $99,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. GoalVest Advisory LLC increased its position in 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 purchasing an additional 165 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of MetLife by 374.3% during the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after buying an additional 277 shares in the last quarter. Bank & Trust Co bought a new position in shares of MetLife in the 2nd quarter valued at $39,000. Crewe Advisors LLC boosted its holdings in shares of 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 acquiring an additional 482 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in MetLife by 72.6% in the second quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MET. Jefferies Financial Group raised their price objective on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Bank of America cut their price target on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of MetLife from $81.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods lowered their target price on MetLife from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Finally, Citigroup upped their price target on MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.46.

MetLife Stock Down 0.7 %

Shares of MET stock traded down $0.62 on Wednesday, reaching $84.13. 486,622 shares of the company were exchanged, compared to its average volume of 3,296,708. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a one year low of $57.91 and a one year high of $86.94. The company has a 50-day moving average of $79.11 and a 200-day moving average of $74.29. The company has a market cap of $59.83 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 0.69 and a beta of 1.04.

MetLife (NYSE:MET) last posted its earnings results 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 company had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. MetLife had a return on equity of 21.41% and a net margin of 4.23%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $1.94 earnings per share. Analysts anticipate that MetLife, Inc. will post 8.61 earnings per share for the current year.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio is presently 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.