MetLife, Inc. (NYSE:MET) Position Reduced by Mizuho Securities USA LLC

Mizuho Securities USA LLC cut its stake in MetLife, Inc. (NYSE:MET - Free Report) by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,146 shares of the financial services provider's stock after selling 7,908 shares during the quarter. Mizuho Securities USA LLC's holdings in MetLife were worth $3,146,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Abacus Planning Group Inc. grew its stake in shares of MetLife by 1.0% during the third quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider's stock valued at $1,015,000 after acquiring an additional 127 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of MetLife by 2.0% during the third quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider's stock valued at $576,000 after acquiring an additional 136 shares in the last quarter. Ameliora Wealth Management Ltd. grew its stake in shares of MetLife by 1.7% during the third quarter. Ameliora Wealth Management Ltd. now owns 8,548 shares of the financial services provider's stock valued at $705,000 after acquiring an additional 139 shares in the last quarter. Greenleaf Trust grew its stake in shares of MetLife by 0.4% during the third quarter. Greenleaf Trust now owns 31,393 shares of the financial services provider's stock valued at $2,589,000 after acquiring an additional 139 shares in the last quarter. Finally, Forum Financial Management LP grew its stake in shares of MetLife by 1.0% during the second 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 in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Piper Sandler raised their target price on MetLife from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. StockNews.com upgraded MetLife from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. TD Cowen assumed coverage on MetLife in a research note on Wednesday, October 9th. They issued a "buy" rating and a $97.00 price target for the company. Jefferies Financial Group lifted their price target on MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company lifted their price target on MetLife from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Fourteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MetLife currently has a consensus rating of "Buy" and an average price target of $88.46.

MetLife Stock Performance

Shares of MET traded up $1.40 during mid-day trading on Friday, reaching $86.59. 3,270,131 shares of the company's stock traded hands, compared to its average volume of 3,558,954. The business's 50-day moving average price is $82.48 and its 200-day moving average price is $76.02. The stock has a market capitalization of $59.96 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 0.77 and a beta of 1.05. 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, Inc. has a 12 month low of $62.81 and a 12 month high of $86.94.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.52%. MetLife's dividend payout ratio (DPR) is presently 43.95%.

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.