MetLife, Inc. (NYSE:MET) Stake Raised by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in shares of MetLife, Inc. (NYSE:MET) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,466 shares of the financial services provider’s stock after acquiring an additional 9,521 shares during the quarter. QRG Capital Management Inc.’s holdings in MetLife were worth $4,740,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MET. Carmichael Hill & Associates Inc. grew its position in MetLife by 131.9% during the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 186 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of MetLife by 374.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 277 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of MetLife by 177.3% in the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 266 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of MetLife during the second quarter worth $39,000. Finally, Crewe Advisors LLC boosted its position in MetLife by 602.5% during the second quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 482 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Stock Up 0.2 %

MetLife stock opened at $78.15 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a fifty-two week low of $58.89 and a fifty-two week high of $86.94. The firm has a fifty day moving average price of $80.73 and a two-hundred day moving average price of $75.03. The firm has a market cap of $54.73 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.71 and a beta of 1.05.

MetLife Announces Dividend

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 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 2.79%. MetLife’s payout ratio is 43.95%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MET. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Morgan Stanley dropped their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Bank of America reduced their target price on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Piper Sandler increased their price target 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. Finally, Citigroup lifted their price objective on shares of MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, MetLife has an average rating of “Moderate Buy” and a consensus target price of $88.46.

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.