MidWestOne Financial Group Inc. Has $2.33 Million Stock Position in MetLife, Inc. (NYSE:MET)

MidWestOne Financial Group Inc. trimmed its holdings in shares of MetLife, Inc. (NYSE:MET) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,203 shares of the financial services provider’s stock after selling 670 shares during the period. MidWestOne Financial Group Inc.’s holdings in MetLife were worth $2,331,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MET. GoalVest Advisory LLC increased its position in MetLife by 73.3% in the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock valued at $29,000 after buying an additional 165 shares in the last quarter. Bank & Trust Co acquired a new position in shares of MetLife during the second quarter worth approximately $39,000. Rise Advisors LLC lifted its holdings in shares of MetLife by 114.7% in the 1st quarter. Rise Advisors LLC now owns 556 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 297 shares in the last quarter. Crewe Advisors LLC grew its position in MetLife by 602.5% in the 2nd quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 482 shares during the period. Finally, Larson Financial Group LLC increased its stake in MetLife by 72.6% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price target on MetLife from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Barclays began coverage on MetLife in a report on Wednesday, September 4th. They set an “overweight” rating and a $91.00 price target for the company. Jefferies Financial Group raised their price objective on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their price target on shares of MetLife from $85.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.23.

MetLife Price Performance

MetLife stock opened at $82.50 on Friday. The business has a 50-day simple moving average of $75.27 and a 200 day simple moving average of $72.97. MetLife, Inc. has a 52 week low of $57.91 and a 52 week high of $82.99. The stock has a market cap of $58.67 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 0.66 and a beta of 1.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56.

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, topping the consensus estimate of $2.13 by $0.15. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The company had revenue of $17.82 billion for the quarter, compared to analysts’ expectations of $18.57 billion. During the same period in the prior year, the business earned $1.94 earnings per share. MetLife’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts forecast that MetLife, Inc. will post 8.68 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Tuesday, August 6th. MetLife’s dividend payout ratio is currently 74.91%.

About MetLife

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.