Tokio Marine Asset Management Co. Ltd. Acquires 557 Shares of MetLife, Inc. (NYSE:MET)

Tokio Marine Asset Management Co. Ltd. grew its holdings in MetLife, Inc. (NYSE:MET) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,668 shares of the financial services provider’s stock after purchasing an additional 557 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in MetLife were worth $1,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Carmichael Hill & Associates Inc. boosted its position in MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after buying an additional 186 shares during the period. Wolff Wiese Magana LLC raised its position in MetLife by 374.3% during 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 last quarter. Fortitude Family Office LLC lifted 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 worth $34,000 after buying an additional 266 shares during the period. Bank & Trust Co bought a new stake in shares of MetLife in the 2nd quarter valued at about $39,000. Finally, Crewe Advisors LLC increased its stake in shares of MetLife by 602.5% in the second quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock valued at $39,000 after buying an additional 482 shares during the period. 89.81% of the stock is currently owned by institutional investors.

MetLife Price Performance

MET opened at $83.33 on Friday. MetLife, Inc. has a 1 year low of $61.61 and a 1 year high of $86.94. 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. The firm’s fifty day moving average price is $81.42 and its two-hundred day moving average price is $75.48.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.62%. MetLife’s dividend payout ratio (DPR) is 43.95%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MET. Jefferies Financial Group upped their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Citigroup increased their price objective 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. Piper Sandler boosted their target price on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen initiated coverage on MetLife in a report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target for the company. Finally, Morgan Stanley cut their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently 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.