First Horizon Advisors Inc. Purchases 10,676 Shares of MetLife, Inc. (NYSE:MET)

First Horizon Advisors Inc. lifted its stake in MetLife, Inc. (NYSE:MET) by 2.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 398,242 shares of the financial services provider’s stock after purchasing an additional 10,676 shares during the quarter. MetLife comprises 0.9% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 28th largest position. First Horizon Advisors Inc.’s holdings in MetLife were worth $32,847,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Swedbank AB acquired a new stake in MetLife in the first quarter valued at approximately $131,456,000. Acadian Asset Management LLC grew its stake in MetLife by 7,837.0% during the 2nd quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock worth $79,250,000 after purchasing an additional 1,115,124 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MetLife by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after buying an additional 988,666 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of MetLife by 347.4% in the 2nd 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 last quarter. Finally, Legal & General Group Plc raised its stake in MetLife by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider’s stock valued at $371,993,000 after acquiring an additional 269,246 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MET has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Barclays cut their price target on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Bank of America decreased their price target on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Fourteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $88.46.

MetLife Stock Down 0.9 %

Shares of MET stock opened at $82.60 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 1 year low of $61.85 and a 1 year high of $86.94. The firm’s fifty day moving average price is $81.92 and its two-hundred day moving average price is $75.80. The firm has a market capitalization of $57.19 billion, a P/E ratio of 16.65, a PEG ratio of 0.76 and a beta of 1.05.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) is presently 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.