Birmingham Capital Management Co. Inc. AL Purchases 1,000 Shares of MetLife, Inc. (NYSE:MET)

Birmingham Capital Management Co. Inc. AL raised its holdings in shares of MetLife, Inc. (NYSE:MET) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,760 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in MetLife were worth $2,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in 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 valued at $378,799,000 after acquiring an additional 988,666 shares in the last quarter. Legal & General Group Plc lifted its stake in MetLife by 5.4% in the 2nd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of MetLife by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,548,725 shares of the financial services provider’s stock worth $375,179,000 after acquiring an additional 68,579 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in MetLife by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock worth $226,358,000 after purchasing an additional 100,782 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in MetLife by 5.0% in the 3rd quarter. Stifel Financial Corp now owns 2,239,841 shares of the financial services provider’s stock valued at $184,744,000 after buying an additional 105,762 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays lowered their target price on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised MetLife from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Piper Sandler boosted their price objective on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley dropped their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $88.62.

MetLife Stock Down 0.4 %

Shares of MET traded down $0.37 during mid-day trading on Friday, reaching $82.85. The company’s stock had a trading volume of 778,249 shares, compared to its average volume of 3,318,761. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05. 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 company has a market cap of $57.37 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The business has a fifty day moving average of $83.79 and a 200 day moving average of $77.26.

MetLife Announces Dividend

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 2.63%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is presently 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.