Iowa State Bank Sells 762 Shares of MetLife, Inc. (NYSE:MET)

Iowa State Bank trimmed its position in shares of MetLife, Inc. (NYSE:MET) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,498 shares of the financial services provider’s stock after selling 762 shares during the period. Iowa State Bank’s holdings in MetLife were worth $4,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MET. Acadian Asset Management LLC increased its position 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 worth $79,250,000 after acquiring an additional 1,115,124 shares during the period. Zurich Insurance Group Ltd FI bought a new position in MetLife in the third quarter worth approximately $91,771,000. Dimensional Fund Advisors LP increased its holdings in MetLife by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after purchasing an additional 988,666 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in MetLife by 79.1% during the 3rd 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 purchasing an additional 762,291 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of MetLife by 256.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock worth $78,209,000 after buying an additional 682,333 shares during the period. 94.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MET. Wells Fargo & Company lifted their price objective on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. TD Cowen upped their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a report on Wednesday, January 1st. Piper Sandler upped their target price on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Barclays cut their price target on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Fourteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, MetLife has a consensus rating of “Buy” and a consensus target price of $88.62.

MetLife Stock Up 1.2 %

NYSE MET traded up $1.02 during trading on Monday, hitting $83.23. The company’s stock had a trading volume of 1,204,287 shares, compared to its average volume of 1,896,984. MetLife, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $89.05. The company has a market cap of $57.63 billion, a PE ratio of 16.78, a P/E/G ratio of 0.76 and a beta of 1.07. 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 business’s 50 day simple moving average is $82.89 and its 200-day simple moving average is $78.65.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.62%. MetLife’s payout ratio is 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.