Great Valley Advisor Group Inc. Grows Stock Holdings in MetLife, Inc. (NYSE:MET)

Great Valley Advisor Group Inc. increased its stake in MetLife, Inc. (NYSE:MET) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,464 shares of the financial services provider’s stock after purchasing an additional 123 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in MetLife were worth $781,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB bought a new stake in shares of MetLife during the 1st quarter valued at about $131,456,000. Acadian Asset Management LLC boosted its holdings in shares of MetLife by 7,837.0% in the second quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock worth $79,250,000 after buying an additional 1,115,124 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MetLife by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock valued at $378,799,000 after buying an additional 988,666 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in MetLife by 79.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock valued at $142,378,000 after buying an additional 762,291 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in MetLife by 347.4% in the second quarter. Public Sector Pension Investment Board now owns 432,887 shares of the financial services provider’s stock worth $30,384,000 after acquiring an additional 336,127 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

MetLife Trading Up 0.9 %

Shares of MetLife stock opened at $87.36 on Tuesday. MetLife, Inc. has a twelve month low of $62.81 and a twelve month high of $87.64. 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 50-day moving average price of $82.68 and a 200-day moving average price of $76.18. The firm has a market cap of $60.49 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.79 and a beta of 1.05.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s dividend payout ratio is presently 43.95%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MET. TD Cowen initiated coverage on shares of MetLife in a research report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price objective for the company. Wells Fargo & Company upped their price target on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Morgan Stanley lowered their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Piper Sandler boosted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a report on Monday. Fourteen analysts have rated the stock with a buy rating, According to data from MarketBeat, MetLife presently has a consensus rating of “Buy” and a consensus target price 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.