Daiwa Securities Group Inc. Acquires 13,617 Shares of MetLife, Inc. (NYSE:MET)

Daiwa Securities Group Inc. grew its position in MetLife, Inc. (NYSE:MET - Free Report) by 15.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,756 shares of the financial services provider's stock after purchasing an additional 13,617 shares during the quarter. Daiwa Securities Group Inc.'s holdings in MetLife were worth $8,393,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MET. MeadowBrook Investment Advisors LLC boosted its stake in MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider's stock worth $26,000 after acquiring an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its stake in MetLife by 131.9% during the third 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 in the last quarter. Wolff Wiese Magana LLC boosted its stake in MetLife by 374.3% during the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider's stock worth $29,000 after acquiring an additional 277 shares in the last quarter. Peterson Financial Group Inc. bought a new position in MetLife during the third quarter worth $30,000. Finally, Fortitude Family Office LLC boosted its stake in MetLife by 177.3% during the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider's stock worth $34,000 after acquiring an additional 266 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

MetLife Stock Up 0.5 %

Shares of MET stock traded up $0.43 on Tuesday, hitting $87.77. The stock had a trading volume of 3,073,428 shares, compared to its average volume of 3,320,289. The business has a 50 day moving average of $82.68 and a 200 day moving average of $76.18. The stock has a market cap of $60.77 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a 12-month low of $62.81 and a 12-month high of $87.88.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.48%. MetLife's dividend payout ratio (DPR) is presently 43.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MET shares. Bank of America cut their target price on shares of MetLife from $99.00 to $96.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group upped their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Morgan Stanley lowered their price objective on shares of MetLife from $86.00 to $85.00 and set an "overweight" rating on the stock in a report on Monday, August 19th. TD Cowen assumed coverage on shares of MetLife in a report on Wednesday, October 9th. They set a "buy" rating and a $97.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on shares of MetLife from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $88.46.

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.