MetLife, Inc. (NYSE:MET) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its position in MetLife, Inc. (NYSE:MET) by 36.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,052 shares of the financial services provider’s stock after selling 11,560 shares during the period. Cornercap Investment Counsel Inc.’s holdings in MetLife were worth $1,654,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI lifted its position in MetLife by 54.9% during the 1st quarter. National Bank of Canada FI now owns 371,062 shares of the financial services provider’s stock worth $26,983,000 after acquiring an additional 131,538 shares during the last quarter. PFG Investments LLC lifted its stake in MetLife by 8.9% in the third quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock valued at $525,000 after buying an additional 520 shares during the period. Acadian Asset Management LLC acquired a new position in shares of MetLife in the 1st quarter valued at $1,053,000. M&G Plc acquired a new stake in MetLife during the 2nd quarter worth approximately $2,346,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of MetLife by 53.0% in the first quarter. Canada Pension Plan Investment Board now owns 618,650 shares of the financial services provider’s stock valued at $45,848,000 after purchasing an additional 214,367 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

MetLife Price Performance

MET stock opened at $82.60 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a 52-week low of $61.61 and a 52-week high of $86.94. The company has a market capitalization of $57.19 billion, a P/E ratio of 16.65, a PEG ratio of 0.74 and a beta of 1.05. The company has a fifty day moving average price of $81.30 and a 200-day moving average price of $75.43.

MetLife Dividend Announcement

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 2.64%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is presently 43.95%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MET shares. Wells Fargo & Company boosted their price objective on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. TD Cowen began coverage on MetLife in a research note on Wednesday, October 9th. They set a “buy” rating and a $97.00 target price on the stock. Piper Sandler increased their price objective on 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 MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Finally, Jefferies Financial Group raised their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.