MetLife, Inc. (NYSE:MET) Shares Sold by TCW Group Inc.

TCW Group Inc. cut its holdings in shares of MetLife, Inc. (NYSE:MET - Free Report) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 758,325 shares of the financial services provider's stock after selling 50,892 shares during the period. TCW Group Inc. owned 0.11% of MetLife worth $62,547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC increased its stake in MetLife by 244.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 220 shares during the period. Carmichael Hill & Associates Inc. increased its position 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 acquiring an additional 186 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of MetLife by 374.3% during the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider's stock worth $29,000 after purchasing an additional 277 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in MetLife in the 3rd quarter valued at $30,000. Finally, Fortitude Family Office LLC raised its position in MetLife by 177.3% during the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider's stock worth $34,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

MetLife Price Performance

Shares of NYSE MET traded down $1.41 during trading on Wednesday, reaching $80.33. The company had a trading volume of 4,444,470 shares, compared to its average volume of 3,315,729. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $55.62 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06. MetLife, Inc. has a twelve month low of $64.61 and a twelve month high of $89.05. The stock has a 50-day moving average price of $83.78 and a two-hundred day moving average price of $77.20.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.71%. MetLife's payout ratio is currently 43.95%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Jefferies Financial Group lifted 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. TD Cowen increased their price objective on MetLife from $97.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Piper Sandler boosted their target price on shares of MetLife from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Barclays cut their price target on shares of MetLife from $91.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Finally, Morgan Stanley decreased their price objective on shares of MetLife from $86.00 to $85.00 and set an "overweight" rating on the stock in a report on Monday, August 19th. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $88.62.

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.