First National Trust Co Boosts Holdings in MetLife, Inc. (NYSE:MET)

First National Trust Co grew its position in MetLife, Inc. (NYSE:MET) by 14.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 33,220 shares of the financial services provider’s stock after purchasing an additional 4,253 shares during the period. First National Trust Co’s holdings in MetLife were worth $2,740,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in 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 last quarter. Swedbank AB purchased a new stake in shares of MetLife during the first quarter worth about $131,456,000. Acadian Asset Management LLC increased its holdings in shares of MetLife by 7,837.0% during the second quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock valued at $79,250,000 after acquiring an additional 1,115,124 shares in the last quarter. Dimensional Fund Advisors LP raised 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 last quarter. Finally, Bessemer Group Inc. boosted its stake in MetLife by 29.7% in the 1st quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider’s stock worth $157,133,000 after purchasing an additional 485,811 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on MET shares. Piper Sandler raised their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen began coverage on MetLife in a research note on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target on the stock. StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a research note on Tuesday. Jefferies Financial Group upped their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Citigroup raised their price target on shares of MetLife from $83.00 to $89.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Fourteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $88.46.

MetLife Stock Performance

NYSE:MET opened at $82.20 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $56.92 billion, a PE ratio of 16.57, a P/E/G ratio of 0.74 and a beta of 1.05. MetLife, Inc. has a fifty-two week low of $60.26 and a fifty-two week high of $86.94. The company has a fifty day moving average of $81.12 and a two-hundred day moving average of $75.30.

MetLife Announces Dividend

The business 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 2.65%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend payout ratio is presently 43.95%.

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.