MetLife, Inc. (NYSE:MET) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its stake in MetLife, Inc. (NYSE:MET) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,693 shares of the financial services provider’s stock after acquiring an additional 680 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in MetLife were worth $799,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. MeadowBrook Investment Advisors LLC boosted its stake in shares of MetLife by 244.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its position in MetLife by 131.9% during the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 186 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 277 shares during the period. Peterson Financial Group Inc. purchased a new position in shares of MetLife during the 3rd quarter worth $30,000. Finally, Fortitude Family Office LLC boosted its stake in 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 during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Stock Performance

MetLife stock opened at $82.60 on Wednesday. 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 firm’s fifty day moving average price is $81.92 and its 200 day moving average price is $75.80. The company has a market capitalization of $57.19 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05. MetLife, Inc. has a 12-month low of $61.85 and a 12-month high of $86.94.

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 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) is 43.95%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MET. Citigroup lifted their target price on MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Wells Fargo & Company increased 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. 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 target on the stock. Morgan Stanley dropped their price objective 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. Finally, Barclays reduced their target price on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Fourteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $88.46.

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.