MetLife, Inc. (NYSE:MET) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in shares of MetLife, Inc. (NYSE:MET) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,466 shares of the financial services provider’s stock after buying an additional 9,521 shares during the quarter. QRG Capital Management Inc.’s holdings in MetLife were worth $4,740,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of MetLife by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 59,622,348 shares of the financial services provider’s stock worth $4,418,612,000 after acquiring an additional 1,974,268 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of MetLife by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock valued at $378,799,000 after purchasing an additional 988,666 shares during the period. Legal & General Group Plc raised its holdings in shares of MetLife by 5.4% during 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 buying an additional 269,246 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of MetLife by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock worth $226,358,000 after buying an additional 100,782 shares during the period. Finally, Bessemer Group Inc. grew its holdings in MetLife by 29.7% in the 1st quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider’s stock worth $157,133,000 after buying an additional 485,811 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

MetLife Price Performance

MET stock opened at $78.15 on Wednesday. MetLife, Inc. has a one year low of $58.89 and a one year high of $86.94. The firm has a 50-day moving average of $80.73 and a two-hundred day moving average of $75.03. The firm has a market capitalization of $54.73 billion, a PE ratio of 15.76, a P/E/G ratio of 0.71 and a beta of 1.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.49.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be given a $0.545 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.79%. MetLife’s dividend payout ratio (DPR) is presently 43.95%.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of analyst reports. Piper Sandler boosted their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Bank of America reduced their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Citigroup raised their target price on shares of MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Barclays reduced their price target on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research note 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 company a “buy” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.46.

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.