MetLife, Inc. (NYSE:MET) Stock Holdings Boosted by Boston Common Asset Management LLC

Boston Common Asset Management LLC boosted its position in MetLife, Inc. (NYSE:MET) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 196,542 shares of the financial services provider’s stock after purchasing an additional 34,412 shares during the quarter. Boston Common Asset Management LLC’s holdings in MetLife were worth $16,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI bought a new stake in shares of MetLife during the third quarter valued at approximately $91,771,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in MetLife by 79.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock valued at $142,378,000 after acquiring an additional 762,291 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in MetLife by 256.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock worth $78,209,000 after acquiring an additional 682,333 shares during the period. Nordea Investment Management AB grew its stake in shares of MetLife by 16.8% in the fourth quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock worth $347,735,000 after purchasing an additional 608,224 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in shares of MetLife by 347.4% during the second quarter. Public Sector Pension Investment Board now owns 432,887 shares of the financial services provider’s stock valued at $30,384,000 after purchasing an additional 336,127 shares during the period. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Trading Up 1.2 %

Shares of NYSE:MET traded up $1.05 during midday trading on Friday, reaching $86.94. The company had a trading volume of 490,405 shares, compared to its average volume of 3,159,877. The company has a fifty day simple moving average of $83.19 and a two-hundred day simple moving average of $79.24. The firm has a market cap of $60.20 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 0.59 and a beta of 1.07. MetLife, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MET. JPMorgan Chase & Co. increased their target price on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Piper Sandler increased their price objective on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Jefferies Financial Group increased their price target on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, TD Cowen boosted their price objective on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, MetLife has an average rating of “Moderate Buy” and a consensus price target of $89.92.

MetLife Company 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.