Prime Capital Investment Advisors LLC Trims Position in MetLife, Inc. (NYSE:MET)

Prime Capital Investment Advisors LLC lowered its holdings in MetLife, Inc. (NYSE:MET) by 3.4% in the third quarter, Holdings Channel.com reports. The firm owned 8,297 shares of the financial services provider’s stock after selling 289 shares during the period. Prime Capital Investment Advisors LLC’s holdings in MetLife were worth $684,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MET. Carmichael Hill & Associates Inc. lifted its holdings in shares of MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 186 shares during the period. Wolff Wiese Magana LLC raised its position in shares of MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after buying an additional 277 shares during the period. Fortitude Family Office LLC boosted its holdings in MetLife by 177.3% in the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 266 shares during the last quarter. Bank & Trust Co purchased a new stake in MetLife during the second quarter valued at about $39,000. Finally, Crewe Advisors LLC increased its stake in MetLife by 602.5% during the second quarter. Crewe Advisors LLC now owns 562 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 482 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley decreased their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Barclays dropped their price objective 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. Piper Sandler upped their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com raised MetLife from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Citigroup increased their target price on MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $88.46.

MetLife Stock Performance

Shares of MET stock opened at $83.33 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $57.70 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 0.74 and a beta of 1.05. MetLife, Inc. has a one year low of $61.61 and a one year high of $86.94. The company’s 50-day simple moving average is $81.42 and its 200-day simple moving average is $75.48.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.62%. MetLife’s dividend payout ratio (DPR) 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.