MetLife, Inc. (NYSE:MET) Shares Bought by AIA Group Ltd

AIA Group Ltd lifted its stake in MetLife, Inc. (NYSE:MET - Free Report) by 101.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,539 shares of the financial services provider's stock after purchasing an additional 6,818 shares during the period. AIA Group Ltd's holdings in MetLife were worth $1,117,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MET. Carmichael Hill & Associates Inc. increased its holdings in MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock worth $27,000 after acquiring an additional 186 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in MetLife by 374.3% in the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider's stock worth $29,000 after buying an additional 277 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in MetLife by 177.3% in the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider's stock worth $34,000 after purchasing an additional 266 shares during the last quarter. Bank & Trust Co bought a new stake in shares of MetLife during the 2nd quarter valued at $39,000. Finally, Crewe Advisors LLC raised its holdings in MetLife by 602.5% during the second quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 482 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

MetLife Stock Performance

Shares of NYSE:MET remained flat at $81.02 during trading on Friday. The company's stock had a trading volume of 3,643,221 shares, compared to its average volume of 3,049,843. The stock has a market capitalization of $56.10 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05. 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 52-week low of $59.24 and a 52-week high of $86.94. The firm has a fifty day simple moving average of $81.03 and a two-hundred day simple moving average of $75.19.

MetLife Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.69%. MetLife's payout ratio is 43.95%.

Analyst Ratings Changes

Several research firms have commented on MET. Jefferies Financial Group raised their price objective on MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Barclays reduced their price objective on MetLife from $91.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Morgan Stanley cut their target price on MetLife from $86.00 to $85.00 and set an "overweight" rating for the company in a research note on Monday, August 19th. Piper Sandler upped their price target on MetLife from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their price objective on MetLife from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, MetLife presently has an average rating of "Moderate Buy" and an average target price of $88.46.

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.