MetLife Investment Management LLC Decreases Stake in MetLife, Inc. (NYSE:MET)

MetLife Investment Management LLC decreased its holdings in MetLife, Inc. (NYSE:MET) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 152,966 shares of the financial services provider’s stock after selling 6,340 shares during the quarter. MetLife Investment Management LLC’s holdings in MetLife were worth $12,617,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CreativeOne Wealth LLC increased its holdings in shares of MetLife by 27.6% in the 3rd quarter. CreativeOne Wealth LLC now owns 8,959 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 1,938 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in MetLife by 8.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 162,818 shares of the financial services provider’s stock worth $13,429,000 after buying an additional 12,818 shares during the period. Glenmede Trust Co. NA increased its holdings in MetLife by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 27,626 shares of the financial services provider’s stock valued at $2,279,000 after buying an additional 809 shares in the last quarter. Bridgewater Associates LP lifted its position in shares of MetLife by 16.0% during the 3rd quarter. Bridgewater Associates LP now owns 476,686 shares of the financial services provider’s stock valued at $39,317,000 after acquiring an additional 65,811 shares during the period. Finally, Townsquare Capital LLC boosted its stake in shares of MetLife by 4.3% during the 3rd quarter. Townsquare Capital LLC now owns 109,603 shares of the financial services provider’s stock worth $9,040,000 after acquiring an additional 4,545 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Stock Up 0.6 %

MET stock opened at $88.25 on Thursday. The company has a 50 day moving average price of $83.05 and a two-hundred day moving average price of $76.37. 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 stock has a market capitalization of $61.11 billion, a P/E ratio of 17.79, a PEG ratio of 0.79 and a beta of 1.05. MetLife, Inc. has a one year low of $62.89 and a one year high of $89.05.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a $0.545 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.47%. MetLife’s payout ratio is currently 43.95%.

Analyst Ratings Changes

Several research firms recently weighed in on MET. Jefferies Financial Group lifted their price objective on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. TD Cowen lifted their price target on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Morgan Stanley cut their target price on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Finally, Barclays lowered their price target on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, MetLife has a consensus rating of “Buy” and an average price target of $88.62.

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.