King Luther Capital Management Corp Boosts Stock Position in MetLife, Inc. (NYSE:MET)

King Luther Capital Management Corp increased its position in MetLife, Inc. (NYSE:MET) by 2.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 30,068 shares of the financial services provider’s stock after buying an additional 629 shares during the quarter. King Luther Capital Management Corp’s holdings in MetLife were worth $2,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abacus Planning Group Inc. lifted its stake in shares of MetLife by 1.0% during the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock valued at $1,015,000 after buying an additional 127 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in MetLife by 2.0% during the third quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 136 shares during the period. Ameliora Wealth Management Ltd. lifted its position in shares of MetLife by 1.7% in the third quarter. Ameliora Wealth Management Ltd. now owns 8,548 shares of the financial services provider’s stock valued at $705,000 after acquiring an additional 139 shares in the last quarter. Greenleaf Trust boosted its stake in shares of MetLife by 0.4% in the third quarter. Greenleaf Trust now owns 31,393 shares of the financial services provider’s stock worth $2,589,000 after acquiring an additional 139 shares during the period. Finally, Forum Financial Management LP grew its position in shares of MetLife by 1.0% during the second quarter. Forum Financial Management LP now owns 13,729 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

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

MetLife Stock Performance

NYSE MET opened at $86.60 on Friday. The business’s 50 day moving average price is $82.48 and its 200-day moving average price is $76.02. MetLife, Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $86.94. The company has a market cap of $59.96 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.75 and a beta of 1.05. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date 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.