Meeder Advisory Services Inc. Decreases Stake in MetLife, Inc. (NYSE:MET)

Meeder Advisory Services Inc. lessened its position in shares of MetLife, Inc. (NYSE:MET) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,097 shares of the financial services provider’s stock after selling 1,365 shares during the quarter. Meeder Advisory Services Inc.’s holdings in MetLife were worth $1,328,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC increased its position in MetLife by 244.4% in 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 last quarter. 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 valued at $27,000 after purchasing an additional 186 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in 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 buying an additional 277 shares during the period. Peterson Financial Group Inc. bought a new stake in MetLife in the third quarter worth $30,000. Finally, Fortitude Family Office LLC boosted its stake in 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 buying an additional 266 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MET. Barclays lowered their target price on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Citigroup boosted their target price on MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Piper Sandler boosted 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. Finally, Jefferies Financial Group increased their target price on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Fourteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $88.46.

MetLife Stock Up 0.0 %

MetLife stock opened at $83.37 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The firm has a market cap of $57.73 billion, a P/E ratio of 16.81, a P/E/G ratio of 0.76 and a beta of 1.05. The business has a fifty day moving average of $81.76 and a two-hundred day moving average of $75.71. MetLife, Inc. has a twelve month low of $61.85 and a twelve month high of $86.94.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is currently 43.95%.

MetLife 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.