Alpha Cubed Cuts MetLife Stake by 5.3%, Golden State Boosts Position

METMET

Alpha Cubed Investments LLC trimmed its MetLife stake by 5.3% to 132,858 shares in the third quarter, reducing its holding to $10.94 million. Golden State Wealth Management boosted its position by 105.1%, while Valley Wealth Managers and Strategic Advisors increased stakes by 1.7% and 2.2%.

1. Q4 Earnings Outlook

MetLife is set to report fourth-quarter results, with consensus estimates projecting a 10% year-over-year increase in adjusted earnings per share, driven by 7% growth in premium revenues and a 12% gain in contributions from its Asia and Latin America operations. Analysts anticipate total revenues of approximately $13.5 billion, reflecting continued strength in group benefits and retail annuities products. Investment spreads are expected to widen by 5 basis points, benefiting from a higher interest rate environment, while the company’s expense ratio is forecast to improve by 30 basis points due to ongoing cost-containment initiatives.

2. Institutional Ownership Shifts

In the third quarter, Alpha Cubed Investments LLC reduced its stake in MetLife by 5.3%, selling roughly 7,500 shares and bringing its holding to 132,858 shares. By contrast, Valley Wealth Managers increased its position by 1.7% to nearly 290,000 shares, and Golden State Wealth Management more than doubled its stake to 1,368 shares. Several newcomers, including Cloud Capital Management and Great Lakes Advisors, initiated positions valued between $70,000 and $310,000. As of the latest filings, institutional investors control roughly 95% of MetLife’s shares.

3. Dividend Policy and Analyst Consensus

MetLife’s board recently declared a quarterly dividend of $0.5675 per share, representing an annualized payout of $2.27 and a dividend yield near 2.9%. The company maintains a conservative payout ratio around 43%, leaving ample room for future hikes. On the research front, the consensus recommendation remains a Buy, supported by ten buy ratings and two holds. Price targets range from $90 to $101, with an average objective of $95.27, reflecting confidence in the firm’s ability to generate double-digit earnings growth and steady cash returns to shareholders.

Sources

ZDZ