Paradigm Capital Management LLC NV Purchases New Holdings in MetLife, Inc. (NYSE:MET)

Paradigm Capital Management LLC NV acquired a new position in shares of MetLife, Inc. (NYSE:MET) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 14,864 shares of the financial services provider’s stock, valued at approximately $1,226,000. MetLife accounts for about 1.2% of Paradigm Capital Management LLC NV’s portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC lifted its holdings in shares of MetLife by 244.4% during the third 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 during the period. Carmichael Hill & Associates Inc. lifted its stake in shares of MetLife by 131.9% in the 3rd 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 during the period. Wolff Wiese Magana LLC lifted its stake in shares of MetLife by 374.3% in the 3rd 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 period. Peterson Financial Group Inc. acquired a new position in shares of MetLife during the third quarter worth about $30,000. Finally, Fortitude Family Office LLC increased its stake in shares of MetLife by 177.3% during 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 period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

MetLife Stock Down 0.0 %

Shares of NYSE MET opened at $88.23 on Friday. The firm’s 50-day moving average is $83.34 and its two-hundred day moving average is $76.59. The company has a market capitalization of $61.09 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.05. MetLife, Inc. has a 12-month low of $63.02 and a 12-month high of $89.05. 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 Dividend Announcement

The business 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. This represents a $2.18 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is currently 43.95%.

About MetLife

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.