Stephens Inc. AR Sells 1,587 Shares of MetLife, Inc. (NYSE:MET)

Stephens Inc. AR reduced its position in shares of MetLife, Inc. (NYSE:MET) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,813 shares of the financial services provider’s stock after selling 1,587 shares during the quarter. Stephens Inc. AR’s holdings in MetLife were worth $3,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MET. Vanguard Group Inc. grew its position in shares of MetLife by 3.4% during 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 buying an additional 1,974,268 shares during the period. Swedbank AB acquired a new position in shares of MetLife during the 1st quarter worth about $131,456,000. Acadian Asset Management LLC grew its position in shares of MetLife by 7,837.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock valued at $79,250,000 after purchasing an additional 1,115,124 shares during the period. Dimensional Fund Advisors LP grew its position 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 valued at $378,799,000 after purchasing an additional 988,666 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of MetLife by 29.7% in the 1st quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider’s stock valued at $157,133,000 after purchasing an additional 485,811 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MET has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Citigroup boosted their price objective on MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. TD Cowen initiated coverage on MetLife in a research report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price objective for the company. Piper Sandler boosted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Bank of America reduced their price target on MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.38.

MetLife Trading Up 0.0 %

Shares of MetLife stock opened at $78.43 on Monday. MetLife, Inc. has a 12-month low of $58.89 and a 12-month high of $86.94. The stock has a market cap of $54.93 billion, a P/E ratio of 15.81, a P/E/G ratio of 0.66 and a beta of 1.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $80.59 and its 200-day moving average is $74.92.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) is presently 43.95%.

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.