MetLife, Inc. (NYSE:MET) Holdings Raised by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 398,242 shares of the financial services provider’s stock after buying an additional 10,676 shares during the period. MetLife makes up about 0.9% of First Horizon Advisors Inc.’s holdings, making the stock its 28th biggest position. First Horizon Advisors Inc. owned approximately 0.06% of MetLife worth $32,847,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of MetLife by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after acquiring an additional 988,666 shares in the last quarter. Legal & General Group Plc increased its holdings in MetLife by 5.4% in the second quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider’s stock valued at $371,993,000 after purchasing an additional 269,246 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of MetLife by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock valued at $226,358,000 after acquiring an additional 100,782 shares during the period. AustralianSuper Pty Ltd raised its stake in MetLife by 0.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 2,063,607 shares of the financial services provider’s stock worth $144,845,000 after buying an additional 16,985 shares during the period. Finally, Swedbank AB raised its position in shares of MetLife by 5.3% during the third quarter. Swedbank AB now owns 1,970,163 shares of the financial services provider’s stock worth $162,499,000 after purchasing an additional 99,328 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MET. Piper Sandler boosted their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Morgan Stanley decreased their price target on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Wells Fargo & Company increased their target price on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barclays decreased their target price on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, MetLife currently has an average rating of “Buy” and an average price target of $88.46.

MetLife Trading Down 0.9 %

MetLife stock opened at $82.60 on Wednesday. MetLife, Inc. has a one year low of $61.85 and a one year high of $86.94. The business’s fifty day moving average is $81.92 and its 200 day moving average is $75.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $57.19 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05.

MetLife Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio is currently 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.