MetLife, Inc. (NYSE:MET) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of MetLife, Inc. (NYSE:MET) by 3.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 472,554 shares of the financial services provider’s stock after selling 18,749 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of MetLife worth $38,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC increased its holdings in MetLife by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 10,885 shares of the financial services provider’s stock valued at $898,000 after purchasing an additional 498 shares during the last quarter. Commonwealth Retirement Investments LLC increased its holdings in MetLife by 2.1% in the 3rd quarter. Commonwealth Retirement Investments LLC now owns 33,231 shares of the financial services provider’s stock valued at $2,741,000 after purchasing an additional 669 shares during the last quarter. Aigen Investment Management LP acquired a new stake in MetLife in the 3rd quarter valued at approximately $596,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in MetLife in the 3rd quarter valued at approximately $931,000. Finally, First National Trust Co increased its holdings in MetLife by 14.7% in the 3rd quarter. First National Trust Co now owns 33,220 shares of the financial services provider’s stock valued at $2,740,000 after purchasing an additional 4,253 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MET. Morgan Stanley dropped their target price on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a 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 report on Thursday, October 31st. Jefferies Financial Group raised their price target on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company raised their price target on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Piper Sandler raised their price target on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $88.46.

MetLife Price Performance

MetLife stock opened at $83.33 on Friday. The stock has a market cap of $57.70 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. The company has a fifty day simple moving average of $81.42 and a 200-day simple moving average of $75.48. MetLife, Inc. has a 12-month low of $61.61 and a 12-month high of $86.94. 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 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. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.62%. MetLife’s dividend payout ratio (DPR) is presently 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.