MetLife, Inc. (NYSE:MET) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its stake in MetLife, Inc. (NYSE:MET) by 3.9% during the 3rd quarter, Holdings Channel reports. The fund owned 19,282 shares of the financial services provider’s stock after purchasing an additional 718 shares during the quarter. Tidal Investments LLC’s holdings in MetLife were worth $1,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MET. Dimensional Fund Advisors LP grew its holdings in shares of MetLife by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after purchasing an additional 988,666 shares during the last quarter. Legal & General Group Plc grew 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 worth $371,993,000 after buying an additional 269,246 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of MetLife by 1.5% during 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 buying an additional 68,579 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in MetLife by 3.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock valued at $226,358,000 after purchasing an additional 100,782 shares during the period. Finally, Stifel Financial Corp lifted its position in MetLife by 5.0% in the third quarter. Stifel Financial Corp now owns 2,239,841 shares of the financial services provider’s stock valued at $184,744,000 after purchasing an additional 105,762 shares during the period. 94.99% of the stock is currently owned by institutional investors and hedge funds.

MetLife Price Performance

MET stock opened at $81.25 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05. The company has a market cap of $56.26 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.74 and a beta of 1.06. The firm has a 50 day moving average of $83.72 and a 200-day moving average of $77.57.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Tuesday, November 5th were given a dividend of $0.545 per share. The ex-dividend date was Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.68%. MetLife’s dividend payout ratio is currently 43.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MET. 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 report on Friday, September 27th. TD Cowen raised their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Barclays reduced their price objective 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. Wells Fargo & Company raised their price objective on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Piper Sandler raised their price objective on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MetLife has an average rating of “Buy” and a consensus target price of $88.62.

About MetLife

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.