MetLife, Inc. (NYSE:MET) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP grew its holdings in shares of MetLife, Inc. (NYSE:MET) by 54.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 12,821 shares of the financial services provider’s stock after acquiring an additional 4,509 shares during the quarter. Entropy Technologies LP’s holdings in MetLife were worth $1,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in MetLife by 3.4% in the first quarter. Vanguard Group Inc. now owns 59,622,348 shares of the financial services provider’s stock worth $4,418,612,000 after purchasing an additional 1,974,268 shares during the period. Swedbank AB bought a new position in shares of MetLife in the first quarter valued at approximately $131,456,000. Acadian Asset Management LLC increased its stake in shares of MetLife by 7,837.0% during the second quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock valued at $79,250,000 after acquiring an additional 1,115,124 shares during the period. Dimensional Fund Advisors LP raised its holdings in MetLife by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after purchasing an additional 988,666 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in MetLife by 29.7% in the first quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider’s stock worth $157,133,000 after purchasing an additional 485,811 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America dropped their price objective on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Citigroup upped their price target on shares of MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Barclays lowered their price objective on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Piper Sandler increased their target price on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $88.46.

MetLife Stock Down 0.2 %

MetLife stock opened at $82.02 on Thursday. MetLife, Inc. has a twelve month low of $61.16 and a twelve month high of $86.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $56.79 billion, a PE ratio of 16.54, a P/E/G ratio of 0.75 and a beta of 1.05. The firm’s 50 day moving average price is $81.21 and its two-hundred day moving average price is $75.38.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) is presently 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.