UMB Bank n.a. Grows Stock Position in MetLife, Inc. (NYSE:MET)

UMB Bank n.a. increased its holdings in MetLife, Inc. (NYSE:METFree Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,967 shares of the financial services provider’s stock after buying an additional 211 shares during the quarter. UMB Bank n.a.’s holdings in MetLife were worth $570,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MET. PFG Investments LLC boosted its stake in shares of MetLife by 8.9% during the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 520 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MetLife during the third quarter valued at $2,960,000. Segall Bryant & Hamill LLC bought a new stake in MetLife during the third quarter valued at about $1,074,000. Meeder Asset Management Inc. increased its position in MetLife by 48,101.4% in the third quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock worth $8,746,000 after buying an additional 105,823 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of MetLife by 5.6% in the third quarter. Public Employees Retirement System of Ohio now owns 285,514 shares of the financial services provider’s stock worth $23,549,000 after buying an additional 15,251 shares during the period. 94.99% of the stock is currently owned by institutional investors.

MetLife Stock Up 0.1 %

Shares of MET opened at $86.88 on Wednesday. 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 stock has a market capitalization of $60.16 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05. The business’s 50 day simple moving average is $83.51 and its 200-day simple moving average is $79.66.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.51%. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MET. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. TD Cowen raised their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price target on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Jefferies Financial Group boosted their price objective on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Piper Sandler increased their target price on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.92.

Read Our Latest Stock Analysis on MET

MetLife Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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