Birmingham Capital Management Co. Inc. AL Has $2.79 Million Stock Holdings in MetLife, Inc. (NYSE:MET)

Birmingham Capital Management Co. Inc. AL lifted its position in MetLife, Inc. (NYSE:MET) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,760 shares of the financial services provider’s stock after buying an additional 1,000 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in MetLife were worth $2,785,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. MeadowBrook Investment Advisors LLC lifted its position in MetLife by 244.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 220 shares during the last quarter. Carmichael Hill & Associates Inc. grew its stake in shares of MetLife by 131.9% in the third 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 last quarter. Wolff Wiese Magana LLC grew its position in 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 purchasing an additional 277 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of MetLife in the 3rd quarter worth approximately $30,000. Finally, Fortitude Family Office LLC boosted its stake in 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 in the last quarter. 94.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MET. Jefferies Financial Group raised their price objective on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. TD Cowen increased their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley decreased their price objective on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Barclays cut their target price 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, Piper Sandler increased their target price on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Fourteen analysts have rated the stock with a buy rating, According to MarketBeat, MetLife currently has an average rating of “Buy” and a consensus price target of $88.62.

MetLife Trading Down 0.4 %

NYSE MET traded down $0.37 on Friday, hitting $82.85. The company’s stock had a trading volume of 778,249 shares, compared to its average volume of 3,318,761. The company’s 50-day moving average is $83.79 and its 200 day moving average is $77.26. The firm has a market cap of $57.37 billion, a PE ratio of 16.78, a PEG ratio of 0.74 and a beta of 1.06. MetLife, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is presently 43.95%.

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.