Jacobs Levy Equity Management Inc. Grows Position in MetLife, Inc. (NYSE:MET)

Jacobs Levy Equity Management Inc. grew its holdings in MetLife, Inc. (NYSE:MET) by 256.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 948,223 shares of the financial services provider’s stock after buying an additional 682,333 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.14% of MetLife worth $78,209,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in MetLife by 31.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,675 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 403 shares during the period. GAMMA Investing LLC boosted its stake in MetLife by 41.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,651 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 1,665 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of MetLife by 20.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,178 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 363 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of MetLife by 22.6% in the second quarter. Mather Group LLC. now owns 5,635 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 1,038 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of MetLife by 18.2% in the second quarter. CWM LLC now owns 15,873 shares of the financial services provider’s stock valued at $1,114,000 after purchasing an additional 2,440 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MET has been the topic of several research analyst reports. Barclays lowered their price target on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Piper Sandler lifted their target price on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered 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. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company boosted their price target on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $88.62.

MetLife Trading Down 1.5 %

NYSE:MET opened at $86.89 on Tuesday. The company’s 50-day simple moving average is $83.34 and its 200 day simple moving average is $76.61. The firm has a market capitalization of $60.16 billion, a P/E ratio of 17.52, a PEG ratio of 0.81 and a beta of 1.06. MetLife, Inc. has a one year low of $63.07 and a one year high of $89.05. 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. MetLife’s dividend payout ratio is 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.