Jennison Associates LLC trimmed its position in MetLife, Inc. (NYSE:MET - Free Report) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,160,092 shares of the financial services provider's stock after selling 65,735 shares during the quarter. Jennison Associates LLC owned 0.46% of MetLife worth $260,644,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC grew its position 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 buying an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings 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 raised its stake in MetLife by 374.3% in the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 277 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in MetLife during the third quarter worth about $30,000. Finally, Fortitude Family Office LLC grew 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 buying an additional 266 shares in the last quarter. Institutional investors own 89.81% of the company's stock.
Wall Street Analysts Forecast Growth
MET has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of MetLife from $83.00 to $89.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Barclays cut their target price on MetLife from $91.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded MetLife from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Piper Sandler upped their price objective on MetLife from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Finally, TD Cowen initiated coverage on MetLife in a research report on Wednesday, October 9th. They issued a "buy" rating and a $97.00 target price on the stock. Fourteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $88.46.
Check Out Our Latest Report on MetLife
MetLife Trading Up 0.0 %
NYSE MET traded up $0.01 on Wednesday, hitting $82.64. The company's stock had a trading volume of 1,610,855 shares, compared to its average volume of 3,312,460. The company's 50-day moving average is $81.92 and its 200 day moving average is $75.80. The firm has a market cap of $57.22 billion, a PE ratio of 16.67, a PEG ratio of 0.76 and a beta of 1.05. MetLife, Inc. has a 1-year low of $62.14 and a 1-year high of $86.94. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51.
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 $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.64%. MetLife's payout ratio is 43.95%.
About MetLife
(
Free Report)
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.
Featured Articles
Before you consider MetLife, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MetLife wasn't on the list.
While MetLife currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
