Tompkins Financial Corp Acquires 188 Shares of MetLife, Inc. (NYSE:MET)

Tompkins Financial Corp boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 11.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,904 shares of the financial services provider’s stock after acquiring an additional 188 shares during the period. Tompkins Financial Corp’s holdings in MetLife were worth $157,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in MetLife in the first quarter valued at about $653,000. Envestnet Portfolio Solutions Inc. boosted its stake in MetLife by 1.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 34,629 shares of the financial services provider’s stock worth $2,566,000 after acquiring an additional 519 shares during the last quarter. SG Americas Securities LLC grew its holdings in MetLife by 144.3% during the first quarter. SG Americas Securities LLC now owns 106,686 shares of the financial services provider’s stock valued at $7,906,000 after purchasing an additional 347,547 shares during the period. Oppenheimer & Co. Inc. raised its holdings in MetLife by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 27,662 shares of the financial services provider’s stock worth $2,050,000 after purchasing an additional 477 shares during the period. Finally, Forsta AP Fonden increased its position in shares of MetLife by 7.6% in the 1st quarter. Forsta AP Fonden now owns 146,100 shares of the financial services provider’s stock valued at $10,827,000 after buying an additional 10,300 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America reduced 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. Morgan Stanley decreased their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Piper Sandler raised their target price on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen initiated coverage on shares of MetLife in a report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.46.

MetLife Price Performance

NYSE:MET opened at $81.02 on Friday. MetLife, Inc. has a twelve month low of $59.24 and a twelve month high of $86.94. The firm has a market capitalization of $56.10 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05. 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 stock’s 50 day moving average price is $81.03 and its two-hundred day moving average price is $75.19.

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 given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.69%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

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.