MetLife, Inc. (NYSE:MET) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its stake in shares of MetLife, Inc. (NYSE:MET - Free Report) by 59.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,217 shares of the financial services provider's stock after selling 10,425 shares during the quarter. GSA Capital Partners LLP's holdings in MetLife were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MET. Carmichael Hill & Associates Inc. boosted its position in shares of MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock worth $27,000 after purchasing an additional 186 shares in the last quarter. Wolff Wiese Magana LLC grew its position 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 buying an additional 277 shares during the period. Fortitude Family Office LLC lifted its position in shares of MetLife by 177.3% during the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 266 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of MetLife by 37.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 533 shares of the financial services provider's stock worth $44,000 after acquiring an additional 144 shares during the period. Finally, Bank & Trust Co purchased a new position in MetLife in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 89.81% of the company's stock.

MetLife Trading Down 0.9 %

Shares of NYSE:MET traded down $0.74 during trading on Tuesday, reaching $82.63. 2,349,563 shares of the stock were exchanged, compared to its average volume of 3,319,819. The firm's 50-day moving average price is $81.76 and its 200 day moving average price is $75.71. The firm has a market cap of $57.21 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05. MetLife, Inc. has a 12-month low of $61.85 and a 12-month high of $86.94. 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 business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.64%. MetLife's dividend payout ratio is currently 43.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler raised their price target on MetLife from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their price target on shares of MetLife from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Morgan Stanley reduced their target price on MetLife from $86.00 to $85.00 and set an "overweight" rating on the stock in a research note on Monday, August 19th. Bank of America dropped their price target on MetLife from $99.00 to $96.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. Finally, Jefferies Financial Group increased their price objective on MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MetLife has an average rating of "Buy" and an average price target of $88.46.

About MetLife

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.