Charles Schwab Investment Management Inc. Has $320.29 Million Position in MetLife, Inc. (NYSE:MET)

Charles Schwab Investment Management Inc. lessened its stake in shares of MetLife, Inc. (NYSE:MET - Free Report) by 0.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,883,221 shares of the financial services provider's stock after selling 23,770 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.56% of MetLife worth $320,288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MeadowBrook Investment Advisors LLC boosted its holdings in shares of 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 during the period. Carmichael Hill & Associates Inc. grew its holdings in MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock valued at $27,000 after buying an additional 186 shares in the last quarter. Wolff Wiese Magana LLC increased its position in MetLife by 374.3% during the 3rd 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. Peterson Financial Group Inc. acquired a new stake in shares of MetLife during the third quarter worth $30,000. Finally, Fortitude Family Office LLC boosted its position in shares of MetLife by 177.3% in the third 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. Institutional investors own 89.81% of the company's stock.

MetLife Price Performance

NYSE MET traded up $1.40 during trading on Friday, hitting $86.59. 3,270,131 shares of the company's stock were exchanged, compared to its average volume of 3,558,954. The company has a market cap of $59.96 billion, a PE ratio of 17.46, a P/E/G ratio of 0.77 and a beta of 1.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a fifty-two week low of $62.81 and a fifty-two week high of $86.94. The stock's 50 day moving average price is $82.48 and its two-hundred day moving average price is $76.02.

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 given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Tuesday, November 5th. MetLife's dividend payout ratio is 43.95%.

Analysts Set New Price Targets

MET has been the subject of several analyst reports. Jefferies Financial Group lifted their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Bank of America dropped their price target on shares of MetLife from $99.00 to $96.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. TD Cowen assumed coverage on MetLife in a research report on Wednesday, October 9th. They set a "buy" rating and a $97.00 price target on the stock. Wells Fargo & Company raised their price objective on MetLife from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, Piper Sandler upped their target price on MetLife from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average 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.