Braun Stacey Associates Inc. lowered its stake in shares of MetLife, Inc. (NYSE:MET - Free Report) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,186 shares of the financial services provider's stock after selling 7,549 shares during the period. Braun Stacey Associates Inc.'s holdings in MetLife were worth $10,820,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Swedbank AB purchased a new position in MetLife in the first quarter valued at about $131,456,000. Acadian Asset Management LLC grew its stake in shares of MetLife by 7,837.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider's stock valued at $79,250,000 after buying an additional 1,115,124 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MetLife by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider's stock worth $378,799,000 after buying an additional 988,666 shares during the last quarter. Bessemer Group Inc. raised its position in MetLife by 29.7% during the first quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider's stock valued at $157,133,000 after acquiring an additional 485,811 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in MetLife by 347.4% in the second quarter. Public Sector Pension Investment Board now owns 432,887 shares of the financial services provider's stock valued at $30,384,000 after acquiring an additional 336,127 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently weighed in on MET shares. Bank of America cut their price target on shares of MetLife from $99.00 to $96.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. TD Cowen initiated coverage on MetLife in a report on Wednesday, October 9th. They set a "buy" rating and a $97.00 target price on the stock. Barclays decreased their price target on MetLife from $91.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Piper Sandler raised their price objective on MetLife from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their target price on MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $88.46.
Check Out Our Latest Report on MetLife
MetLife Stock Performance
MET remained flat at $83.33 on Monday. The company had a trading volume of 860,050 shares, compared to its average volume of 3,319,307. The business has a 50 day moving average of $81.60 and a two-hundred day moving average of $75.62. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The company has a market cap of $57.70 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 0.76 and a beta of 1.05. MetLife, Inc. has a 1 year low of $61.85 and a 1 year high of $86.94.
MetLife Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a $0.545 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.62%. MetLife's payout ratio is currently 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.
Read More
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.
