First Horizon Advisors Inc. Has $32.85 Million Position in MetLife, Inc. (NYSE:MET)

First Horizon Advisors Inc. raised its stake in MetLife, Inc. (NYSE:MET - Free Report) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,242 shares of the financial services provider's stock after purchasing an additional 10,676 shares during the period. MetLife comprises 0.9% of First Horizon Advisors Inc.'s investment portfolio, making the stock its 28th biggest position. First Horizon Advisors Inc. owned approximately 0.06% of MetLife worth $32,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Abacus Planning Group Inc. grew its stake in MetLife by 1.0% in the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider's stock worth $1,015,000 after acquiring an additional 127 shares during the period. Financial Management Professionals Inc. lifted its position 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 worth $576,000 after buying an additional 136 shares during the period. Ameliora Wealth Management Ltd. boosted its stake in MetLife by 1.7% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 8,548 shares of the financial services provider's stock worth $705,000 after buying an additional 139 shares during the last quarter. Greenleaf Trust grew its holdings in MetLife by 0.4% in the 3rd quarter. Greenleaf Trust now owns 31,393 shares of the financial services provider's stock valued at $2,589,000 after buying an additional 139 shares during the period. Finally, Forum Financial Management LP increased its stake in shares of MetLife by 1.0% during the 2nd quarter. Forum Financial Management LP now owns 13,729 shares of the financial services provider's stock valued at $964,000 after acquiring an additional 141 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their target price on shares of MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a report on Friday, September 27th. Citigroup upped their price objective on MetLife from $83.00 to $89.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Piper Sandler lifted their target price on shares of MetLife from $85.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. TD Cowen assumed coverage on MetLife in a report on Wednesday, October 9th. They issued a "buy" rating and a $97.00 price target for the company. Finally, Bank of America lowered their target price on shares of MetLife from $99.00 to $96.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Fourteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MetLife currently has a consensus rating of "Buy" and an average target price of $88.46.

MetLife Price Performance

MetLife stock traded down $0.03 during midday trading on Wednesday, hitting $82.60. The company's stock had a trading volume of 2,513,393 shares, compared to its average volume of 3,316,471. The stock's 50-day moving average price is $81.92 and its 200-day moving average price is $75.80. The company has a market capitalization of $57.19 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05. 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, Inc. has a 12 month low of $62.14 and a 12 month high of $86.94.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife's dividend payout ratio is presently 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.