River Street Advisors LLC Purchases 513 Shares of MetLife, Inc. (NYSE:MET)

River Street Advisors LLC boosted its position in shares of MetLife, Inc. (NYSE:MET) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 18,585 shares of the financial services provider’s stock after purchasing an additional 513 shares during the period. River Street Advisors LLC’s holdings in MetLife were worth $1,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Abacus Planning Group Inc. lifted its position in MetLife by 1.0% in the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock valued at $1,015,000 after acquiring an additional 127 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of MetLife by 2.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 136 shares during the last quarter. Ameliora Wealth Management Ltd. lifted its position in MetLife by 1.7% during the third quarter. Ameliora Wealth Management Ltd. now owns 8,548 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 139 shares during the period. Greenleaf Trust boosted its holdings in MetLife by 0.4% in the third quarter. Greenleaf Trust now owns 31,393 shares of the financial services provider’s stock worth $2,589,000 after purchasing an additional 139 shares during the last quarter. Finally, Forum Financial Management LP raised its stake in MetLife by 1.0% during the 2nd quarter. Forum Financial Management LP now owns 13,729 shares of the financial services provider’s stock valued at $964,000 after buying an additional 141 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays decreased their price target on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company raised their price target on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Piper Sandler boosted their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their target price on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Fourteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, MetLife presently has an average rating of “Buy” and a consensus target price of $88.46.

MetLife Stock Up 0.9 %

NYSE MET traded up $0.73 during midday trading on Friday, hitting $83.33. 4,393,104 shares of the company traded hands, compared to its average volume of 3,330,660. The company has a market cap of $57.70 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. 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, Inc. has a 52 week low of $61.61 and a 52 week high of $86.94. The company’s 50-day simple moving average is $81.60 and its 200-day simple moving average is $75.56.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend 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.