Truist Financial Corp Has $55.09 Million Stock Holdings in MetLife, Inc. (NYSE:MET)

Truist Financial Corp lessened its stake in MetLife, Inc. (NYSE:MET - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 672,773 shares of the financial services provider's stock after selling 78,587 shares during the quarter. Truist Financial Corp owned about 0.10% of MetLife worth $55,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc raised its position in shares of MetLife by 1.5% in the 4th quarter. CIBC Asset Management Inc now owns 106,287 shares of the financial services provider's stock valued at $8,703,000 after buying an additional 1,536 shares in the last quarter. KLCM Advisors Inc. grew its holdings in shares of MetLife by 3.6% during the 4th quarter. KLCM Advisors Inc. now owns 4,640 shares of the financial services provider's stock valued at $380,000 after purchasing an additional 160 shares during the last quarter. Strategic Advisors LLC increased its position in MetLife by 56.0% during the 4th quarter. Strategic Advisors LLC now owns 38,139 shares of the financial services provider's stock worth $3,123,000 after purchasing an additional 13,690 shares in the last quarter. Sierra Ocean LLC acquired a new stake in MetLife in the fourth quarter valued at approximately $32,000. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of MetLife by 2.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,044 shares of the financial services provider's stock worth $495,000 after buying an additional 126 shares in the last quarter. Institutional investors own 94.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on MetLife from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Barclays reduced their price target on MetLife from $96.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. BMO Capital Markets assumed coverage on shares of MetLife in a report on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of MetLife from $92.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, TD Cowen upped their price target on shares of MetLife from $97.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.58.

MetLife Trading Down 2.1 %

NYSE MET traded down $1.73 during mid-day trading on Friday, reaching $81.02. 3,282,193 shares of the stock were exchanged, compared to its average volume of 3,616,223. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $56.10 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.66 and a beta of 1.07. The stock has a 50 day simple moving average of $83.41 and a 200-day simple moving average of $81.35. MetLife, Inc. has a one year low of $67.30 and a one year high of $89.05.

MetLife (NYSE:MET - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. On average, analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife's dividend payout ratio (DPR) is presently 36.52%.

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.