Pinion Investment Advisors LLC decreased its stake in MetLife, Inc. (NYSE:MET – Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,120 shares of the financial services provider’s stock after selling 1,343 shares during the period. Pinion Investment Advisors LLC’s holdings in MetLife were worth $289,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds also recently made changes to their positions in MET. Forum Financial Management LP boosted its holdings in shares of MetLife by 1.0% during the 2nd quarter. Forum Financial Management LP now owns 13,729 shares of the financial services provider’s stock worth $964,000 after buying an additional 141 shares in the last quarter. Drive Wealth Management LLC boosted its stake in MetLife by 3.5% during the second quarter. Drive Wealth Management LLC now owns 4,217 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 141 shares in the last quarter. Hills Bank & Trust Co grew its holdings in MetLife by 8.3% in the second quarter. Hills Bank & Trust Co now owns 1,855 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 142 shares during the period. CNB Bank increased its stake in MetLife by 9.3% in the first quarter. CNB Bank now owns 1,735 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 147 shares in the last quarter. Finally, Marcum Wealth LLC raised its holdings in shares of MetLife by 4.7% during the first quarter. Marcum Wealth LLC now owns 3,436 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 153 shares during the period. 89.81% of the stock is currently owned by institutional investors.
* MetLife’s stock price has been declining, and analysts are divided on the company’s future prospects. * Some analysts are optimistic about MetLife’s potential, while others are more cautious. * Bank of America downgraded MetLife’s stock price target, but maintained a “buy” rating.
MetLife Stock Up 1.0 % MET stock opened at $76.19 on Friday. MetLife, Inc. has a 1-year low of $57.91 and a 1-year high of $79.34. The stock has a market cap of $54.18 billion, a P/E ratio of 26.18, a P/E/G ratio of 0.61 and a beta of 1.04. The stock’s fifty day simple moving average is $73.86 and its two-hundred day simple moving average is $72.30. 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 (NYSE:MET – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.15. The company had revenue of $17.82 billion during the quarter, compared to analyst estimates of $18.57 billion. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. Analysts expect that MetLife, Inc. will post 8.67 EPS for the current year.
**MetLife Raises Dividends, Signaling Financial Strength**
This announcement came as part of MetLife’s commitment to regular dividend payments, reflecting the company’s confidence in its financial performance. **The summary provides a concise overview of MetLife’s recent dividend announcement.
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