Copperwynd Financial LLC Has $800,000 Holdings in MetLife, Inc. (NYSE:MET)

Copperwynd Financial LLC increased its position in shares of MetLife, Inc. (NYSE:MET) by 6.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,410 shares of the financial services provider’s stock after buying an additional 654 shares during the period. Copperwynd Financial LLC’s holdings in MetLife were worth $800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GoalVest Advisory LLC raised its position in shares of MetLife by 73.3% in the 1st quarter. GoalVest Advisory LLC now owns 390 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 165 shares in the last quarter. Pineridge Advisors LLC bought a new stake in MetLife in the fourth quarter worth approximately $39,000. Bank & Trust Co acquired a new position in MetLife in the second quarter valued at approximately $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 worth $39,000 after buying an additional 482 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of MetLife by 72.6% during the 2nd quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock worth $40,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

MET has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on shares of MetLife from $85.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods cut their price objective on shares of MetLife from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Morgan Stanley decreased their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Barclays began coverage on MetLife in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $91.00 price objective for the company. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.23.

MetLife Price Performance

Shares of NYSE:MET opened at $82.48 on Friday. 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 has a market cap of $58.65 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 0.66 and a beta of 1.04. The stock’s fifty day simple moving average is $75.27 and its two-hundred day simple moving average is $72.98. MetLife, Inc. has a 1-year low of $57.91 and a 1-year high of $82.99.

MetLife (NYSE:MET) last released its quarterly 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. 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 analyst estimates of $18.57 billion. During the same period last year, the firm earned $1.94 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, analysts forecast that MetLife, Inc. will post 8.68 EPS for the current fiscal year.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 6th were issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Tuesday, August 6th. MetLife’s dividend payout ratio is presently 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.