2,779 Shares in MetLife, Inc. (NYSE:MET) Acquired by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC bought a new stake in MetLife, Inc. (NYSE:MET) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,779 shares of the financial services provider’s stock, valued at approximately $229,000.

A number of other large investors also recently added to or reduced their stakes in MET. Quest Partners LLC boosted its holdings in MetLife by 299,333.3% during the 3rd quarter. Quest Partners LLC now owns 8,983 shares of the financial services provider’s stock valued at $741,000 after acquiring an additional 8,980 shares during the period. TrinityPoint Wealth LLC purchased a new position in MetLife in the 3rd quarter valued at approximately $237,000. Claro Advisors LLC grew its stake in shares of MetLife by 2.3% in the third quarter. Claro Advisors LLC now owns 13,483 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 308 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of MetLife in the third quarter valued at $30,000. Finally, River Street Advisors LLC boosted its holdings in MetLife by 2.8% in the third quarter. River Street Advisors LLC now owns 18,585 shares of the financial services provider’s stock valued at $1,533,000 after purchasing an additional 513 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley reduced their price target on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Barclays decreased their price target on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Piper Sandler lifted their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Bank of America dropped their target price on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $88.46.

MetLife Stock Up 0.0 %

Shares of NYSE:MET opened at $83.37 on Tuesday. 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 stock has a market cap of $57.73 billion, a P/E ratio of 16.81, a P/E/G ratio of 0.76 and a beta of 1.05. MetLife, Inc. has a 1-year low of $61.85 and a 1-year high of $86.94. The firm has a fifty day moving average price of $81.76 and a 200 day moving average price of $75.71.

MetLife Dividend Announcement

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 given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) 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.