MetLife, Inc. (NYSE:MET) Shares Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC boosted its stake in shares of MetLife, Inc. (NYSE:MET - Free Report) by 55.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,128 shares of the financial services provider's stock after buying an additional 6,128 shares during the quarter. Sustainable Insight Capital Management LLC's holdings in MetLife were worth $1,402,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of MetLife by 5.4% in the second quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider's stock valued at $371,993,000 after purchasing an additional 269,246 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of MetLife by 1.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,548,725 shares of the financial services provider's stock valued at $375,179,000 after acquiring an additional 68,579 shares during the period. Nordea Investment Management AB raised its position in shares of MetLife by 16.8% in the 4th quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider's stock worth $347,735,000 after acquiring an additional 608,224 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of MetLife by 5.0% during the 3rd quarter. Stifel Financial Corp now owns 2,239,841 shares of the financial services provider's stock worth $184,744,000 after purchasing an additional 105,762 shares during the last quarter. Finally, FMR LLC boosted its position in MetLife by 5.4% during the third quarter. FMR LLC now owns 2,209,119 shares of the financial services provider's stock valued at $182,208,000 after purchasing an additional 112,491 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

MetLife Stock Performance

Shares of MET stock traded down $0.80 on Friday, hitting $85.96. The company had a trading volume of 3,620,866 shares, compared to its average volume of 3,547,184. The firm has a market cap of $59.52 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. MetLife, Inc. has a twelve month low of $64.61 and a twelve month high of $89.05. The company has a 50-day moving average price of $83.76 and a 200-day moving average price of $79.87. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.54%. MetLife's payout ratio is 43.95%.

Analysts Set New Price Targets

MET has been the subject of several analyst reports. Wells Fargo & Company decreased their price target on shares of MetLife from $93.00 to $92.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Piper Sandler lifted their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. TD Cowen upped their price target on MetLife from $97.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. BMO Capital Markets assumed coverage on MetLife in a research report on Thursday. They issued a "market perform" rating and a $97.00 price objective for the company. Finally, StockNews.com downgraded MetLife from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, MetLife currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.46.

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.