MetLife, Inc. (NYSE:MET) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in MetLife, Inc. (NYSE:MET) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,316 shares of the financial services provider’s stock after purchasing an additional 13,150 shares during the period. Natixis Advisors LLC’s holdings in MetLife were worth $21,966,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB bought a new stake in MetLife during the first quarter worth approximately $131,456,000. Acadian Asset Management LLC boosted its stake in shares of MetLife by 7,837.0% during the 2nd quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock worth $79,250,000 after acquiring an additional 1,115,124 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MetLife by 22.4% in 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 during the last quarter. Public Sector Pension Investment Board raised its position in shares of MetLife by 347.4% during the second quarter. Public Sector Pension Investment Board now owns 432,887 shares of the financial services provider’s stock worth $30,384,000 after purchasing an additional 336,127 shares during the period. Finally, Payden & Rygel Investment Group purchased a new stake in shares of MetLife during the first quarter valued at $21,907,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Stock Performance

Shares of NYSE MET opened at $83.37 on Tuesday. MetLife, Inc. has a one year low of $61.85 and a one year high of $86.94. The business’s 50-day moving average price is $81.76 and its two-hundred day moving average price is $75.71. 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 company has a market capitalization of $57.73 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be issued a $0.545 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.61%. MetLife’s dividend payout ratio is currently 43.95%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MET shares. Piper Sandler lifted their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lifted their target price on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Morgan Stanley reduced their price target on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. TD Cowen started coverage on shares of MetLife in a research report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price objective on the stock. Finally, Bank of America reduced their target price on MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Fourteen analysts have rated the stock with a buy rating, According to MarketBeat, MetLife presently has an average rating of “Buy” and a consensus target price of $88.46.

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.