MidWestOne Financial Group Inc. Buys 4,445 Shares of MetLife, Inc. (NYSE:MET)

MidWestOne Financial Group Inc. boosted its position in shares of MetLife, Inc. (NYSE:MET) by 13.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,648 shares of the financial services provider’s stock after purchasing an additional 4,445 shares during the period. MidWestOne Financial Group Inc.’s holdings in MetLife were worth $3,105,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in shares of MetLife by 7,837.0% during 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 purchasing an additional 1,115,124 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of MetLife during the 3rd quarter valued at about $91,771,000. Dimensional Fund Advisors LP grew its stake in shares of MetLife by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after acquiring an additional 988,666 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings 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 valued at $142,378,000 after purchasing an additional 762,291 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in MetLife by 256.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock valued at $78,209,000 after purchasing an additional 682,333 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MET has been the subject of a number of research reports. TD Cowen boosted their target price on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays reduced their price objective on 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 raised 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. Morgan Stanley lowered their price objective on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Finally, StockNews.com upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $88.62.

MetLife Price Performance

MET stock opened at $82.27 on Tuesday. The company has a market capitalization of $56.97 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06. The company’s fifty day moving average price is $83.78 and its 200-day moving average price is $77.13. MetLife, Inc. has a one year low of $64.17 and a one year high of $89.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife Announces Dividend

The company 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 $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 2.65%. MetLife’s dividend payout ratio is currently 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.