MetLife, Inc. (NYSE:MET) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in MetLife, Inc. (NYSE:MET - Free Report) by 14.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,548,364 shares of the financial services provider's stock after selling 3,106,583 shares during the period. Wellington Management Group LLP owned 2.68% of MetLife worth $1,529,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC boosted its position in shares of MetLife by 244.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider's stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its holdings in MetLife by 131.9% in the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock worth $27,000 after acquiring an additional 186 shares in the last quarter. Wolff Wiese Magana LLC grew 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 acquiring an additional 277 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of MetLife during the third quarter valued at about $30,000. Finally, Fortitude Family Office LLC raised its position in shares of MetLife by 177.3% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 266 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on MET shares. Jefferies Financial Group upped their price target on shares of MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, September 27th. StockNews.com raised MetLife from a "hold" rating to a "buy" rating in a research report on Monday, November 25th. Piper Sandler lifted their price target on MetLife from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. TD Cowen increased their price objective on MetLife from $97.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their target price on MetLife from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $88.62.

MetLife Stock Performance

MET traded down $0.66 on Friday, reaching $85.22. The stock had a trading volume of 1,844,105 shares, compared to its average volume of 2,964,726. The business's 50-day moving average price is $83.73 and its two-hundred day moving average price is $76.91. 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 12-month low of $63.19 and a 12-month high of $89.05. The company has a market cap of $59.01 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.56%. MetLife's payout ratio is 43.95%.

MetLife Company 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.