XTX Topco Ltd increased its position in MetLife, Inc. (NYSE:MET – Free Report) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,258 shares of the financial services provider’s stock after buying an additional 13,110 shares during the period. MetLife comprises approximately 0.3% of XTX Topco Ltd’s holdings, making the stock its 20th largest position. XTX Topco Ltd’s holdings in MetLife were worth $4,393,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC boosted its stake 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 worth $26,000 after acquiring an additional 220 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 186 shares in the last quarter. Wolff Wiese Magana LLC boosted 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 purchasing an additional 277 shares during the period. Peterson Financial Group Inc. bought a new position in MetLife in the 3rd quarter worth approximately $30,000. Finally, Fortitude Family Office LLC grew its holdings in MetLife by 177.3% during the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock valued at $34,000 after buying an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently commented on MET shares. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a report on Monday, November 25th. 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 note on Friday, September 27th. Morgan Stanley cut 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. Barclays decreased their target price on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, TD Cowen increased their price target on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $88.62.
MetLife Stock Down 0.8 %
Shares of MET opened at $85.19 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $83.73 and a 200 day moving average of $76.91. The company has a market cap of $58.99 billion, a PE ratio of 17.18, a P/E/G ratio of 0.78 and a beta of 1.06. MetLife, Inc. has a 52-week low of $63.19 and a 52-week high of $89.05.
MetLife Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.56%. 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.
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