Blueshift Asset Management LLC Sells 17,209 Shares of MetLife, Inc. (NYSE:MET)

Blueshift Asset Management LLC lessened its stake in shares of MetLife, Inc. (NYSE:MET) by 52.7% during the third quarter, Holdings Channel.com reports. The firm owned 15,448 shares of the financial services provider’s stock after selling 17,209 shares during the period. Blueshift Asset Management LLC’s holdings in MetLife were worth $1,274,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Swedbank AB bought a new position in shares of MetLife in the 1st quarter worth $131,456,000. Acadian Asset Management LLC lifted its stake 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 valued at $79,250,000 after buying an additional 1,115,124 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of 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 worth $142,378,000 after acquiring an additional 762,291 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of MetLife by 347.4% in the 2nd 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 last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays lowered their price objective on MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Bank of America dropped their price objective on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Piper Sandler boosted their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, TD Cowen initiated coverage on MetLife in a research note on Wednesday, October 9th. They issued a “buy” rating and a $97.00 target price on the stock. Fourteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $88.46.

MetLife Stock Up 0.5 %

Shares of NYSE MET opened at $87.77 on Wednesday. The business’s fifty day moving average price is $82.87 and its 200-day moving average price is $76.29. MetLife, Inc. has a one year low of $62.81 and a one year high of $87.88. The stock has a market capitalization of $60.77 billion, a PE ratio of 17.70, a P/E/G ratio of 0.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.48%. 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.