United Services Automobile Association Sells 4,011 Shares of MetLife, Inc. (NYSE:MET)

United Services Automobile Association decreased its position in shares of MetLife, Inc. (NYSE:MET) by 21.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,470 shares of the financial services provider’s stock after selling 4,011 shares during the period. United Services Automobile Association’s holdings in MetLife were worth $1,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC increased its position in MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 220 shares during the last quarter. Carmichael Hill & Associates Inc. increased 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 acquiring an additional 186 shares during the last quarter. Wolff Wiese Magana LLC increased its position in MetLife by 374.3% during the third 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 during the last quarter. Peterson Financial Group Inc. bought a new position in shares of MetLife in the third quarter worth about $30,000. Finally, Fortitude Family Office LLC grew its holdings 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 purchasing an additional 266 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

MET has been the topic of a number of research analyst reports. Wells Fargo & Company upped 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. Piper Sandler upped their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upped their price target on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays cut their price target on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Morgan Stanley cut their price target on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Fourteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $88.62.

MetLife Stock Performance

MET stock opened at $85.22 on Friday. MetLife, Inc. has a one year low of $63.19 and a one year high of $89.05. The firm has a market cap of $59.01 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 0.78 and a beta of 1.06. 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 50-day simple moving average of $83.79 and a two-hundred day simple moving average of $77.03.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 2.56%. MetLife’s dividend payout ratio (DPR) is 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.