Foster & Motley Inc. cut its holdings in shares of MetLife, Inc. (NYSE:MET – Free Report) by 12.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,214 shares of the financial services provider’s stock after selling 8,942 shares during the period. Foster & Motley Inc.’s holdings in MetLife were worth $5,379,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MET. Vanguard Group Inc. boosted its holdings in shares of MetLife by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 59,622,348 shares of the financial services provider’s stock valued at $4,418,612,000 after acquiring an additional 1,974,268 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in MetLife by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after purchasing an additional 988,666 shares during the last quarter. Legal & General Group Plc grew its position in MetLife by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider’s stock worth $371,993,000 after purchasing an additional 269,246 shares during the period. Envestnet Asset Management Inc. raised its stake in MetLife by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock valued at $226,358,000 after buying an additional 100,782 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of MetLife by 29.7% during the 1st quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider’s stock valued at $157,133,000 after buying an additional 485,811 shares during the period. 89.81% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently commented on MET. Wells Fargo & Company lifted their price objective on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler boosted their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Barclays lowered their price objective on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group boosted their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, TD Cowen assumed coverage on shares of MetLife in a research note on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target on the stock. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.46.
MetLife Trading Up 5.1 %
Shares of MetLife stock opened at $82.15 on Wednesday. MetLife, Inc. has a fifty-two week low of $58.89 and a fifty-two week high of $86.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $57.53 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.71 and a beta of 1.05. The company has a fifty day moving average of $80.73 and a 200 day moving average of $75.03.
MetLife Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) is 43.95%.
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.
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