MetLife, Inc. (NYSE:MET) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its position in MetLife, Inc. (NYSE:MET) by 64.3% during the 3rd quarter, Holdings Channel reports. The firm owned 69,689 shares of the financial services provider’s stock after acquiring an additional 27,274 shares during the quarter. Cerity Partners LLC’s holdings in MetLife were worth $5,748,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC grew its stake in MetLife by 7,837.0% in the 2nd 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 last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MetLife by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock valued at $378,799,000 after purchasing an additional 988,666 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of MetLife by 79.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock valued at $142,378,000 after purchasing an additional 762,291 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of MetLife by 347.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 432,887 shares of the financial services provider’s stock worth $30,384,000 after purchasing an additional 336,127 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of MetLife by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider’s stock worth $371,993,000 after purchasing an additional 269,246 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

MetLife Stock Performance

NYSE MET opened at $88.25 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a 1-year low of $62.89 and a 1-year high of $89.05. The firm has a market capitalization of $61.11 billion, a P/E ratio of 17.79, a P/E/G ratio of 0.79 and a beta of 1.05. The business’s 50-day simple moving average is $83.05 and its 200-day simple moving average is $76.37.

MetLife Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on MET. StockNews.com raised MetLife from a “hold” rating to a “buy” rating in a research report on Monday. TD Cowen boosted their target price on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Jefferies Financial Group upped their price objective 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. Finally, Piper Sandler lifted their target price on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock 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.