MetLife, Inc. (NYSE:MET) Shares Bought by Empirical Finance LLC

Empirical Finance LLC increased its stake in MetLife, Inc. (NYSE:MET) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,405 shares of the financial services provider’s stock after purchasing an additional 318 shares during the quarter. Empirical Finance LLC’s holdings in MetLife were worth $1,848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MET. MeadowBrook Investment Advisors LLC boosted its holdings in shares of MetLife by 244.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its stake in MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 186 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of MetLife by 374.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 277 shares during the period. Fortitude Family Office LLC raised its stake in shares of MetLife by 177.3% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock worth $34,000 after buying an additional 266 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of MetLife by 37.0% in the third quarter. Venturi Wealth Management LLC now owns 533 shares of the financial services provider’s stock valued at $44,000 after buying an additional 144 shares during the period. Institutional investors own 89.81% of the company’s stock.

MetLife Price Performance

Shares of MET opened at $83.33 on Friday. The business’s 50-day moving average is $81.60 and its 200-day moving average is $75.56. 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 $57.70 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 0.74 and a beta of 1.05. MetLife, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $86.94.

MetLife Announces Dividend

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 given 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 2.62%. MetLife’s payout ratio is 43.95%.

Analysts Set New Price Targets

Several brokerages have commented on MET. Jefferies Financial Group boosted their price target on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. TD Cowen assumed coverage on MetLife in a research note on Wednesday, October 9th. They set a “buy” rating and a $97.00 price objective for the company. Finally, Piper Sandler boosted their target price on MetLife from $85.00 to $92.00 and gave the stock 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, the company currently has an average rating of “Buy” and a consensus price target 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.