MetLife, Inc. (NYSE:MET) Position Raised by DRW Securities LLC

DRW Securities LLC boosted its holdings in MetLife, Inc. (NYSE:MET) by 378.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,836 shares of the financial services provider’s stock after buying an additional 42,573 shares during the quarter. DRW Securities LLC’s holdings in MetLife were worth $4,440,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in MetLife by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after buying an additional 988,666 shares during the last quarter. Legal & General Group Plc grew its position in MetLife by 5.4% in the second quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider’s stock worth $371,993,000 after buying an additional 269,246 shares during the last quarter. Envestnet Asset Management Inc. grew its position in MetLife by 3.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock worth $226,358,000 after buying an additional 100,782 shares during the last quarter. AustralianSuper Pty Ltd grew its position in MetLife by 0.8% in the second quarter. AustralianSuper Pty Ltd now owns 2,063,607 shares of the financial services provider’s stock worth $144,845,000 after buying an additional 16,985 shares during the last quarter. Finally, Swedbank AB grew its position in MetLife by 5.3% in the third quarter. Swedbank AB now owns 1,970,163 shares of the financial services provider’s stock worth $162,499,000 after buying an additional 99,328 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Stock Up 1.6 %

MET stock opened at $86.59 on Monday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 1 year low of $62.81 and a 1 year high of $86.94. The company has a fifty day simple moving average of $82.48 and a 200 day simple moving average of $76.08. The firm has a market cap of $59.96 billion, a PE ratio of 17.46, a PEG ratio of 0.79 and a beta of 1.05.

MetLife Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Tuesday, November 5th. MetLife’s payout ratio is presently 43.95%.

Analyst Upgrades and Downgrades

MET has been the topic of several research analyst reports. 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. Bank of America lowered their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Barclays lowered their price objective on shares of 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 started coverage on shares of MetLife in a report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target on the stock. Fourteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MetLife presently has a consensus rating of “Buy” and an average price target of $88.46.

MetLife 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.