Schroder Investment Management Group Has $26.81 Million Position in MetLife, Inc. (NYSE:MET)

Schroder Investment Management Group grew its position in MetLife, Inc. (NYSE:MET) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 328,964 shares of the financial services provider’s stock after purchasing an additional 14,582 shares during the period. Schroder Investment Management Group’s holdings in MetLife were worth $26,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Asset Strategies Inc. increased its position in MetLife by 1.1% during the 4th quarter. United Asset Strategies Inc. now owns 10,933 shares of the financial services provider’s stock worth $895,000 after buying an additional 120 shares during the period. Barrett & Company Inc. raised its stake in MetLife by 1.0% in the 4th quarter. Barrett & Company Inc. now owns 11,942 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 121 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in MetLife by 2.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 6,044 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 126 shares during the period. Davis R M Inc. grew its position in shares of MetLife by 4.2% during the 4th quarter. Davis R M Inc. now owns 3,148 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 127 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its holdings in shares of MetLife by 3.0% during the fourth quarter. Daymark Wealth Partners LLC now owns 5,091 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 149 shares during the period. 94.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Piper Sandler upped their price objective on shares of MetLife from $92.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of MetLife from $88.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group increased their price target on shares of MetLife from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Cowen restated a “buy” rating on shares of MetLife in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.85.

MetLife Stock Up 1.8 %

Shares of NYSE MET opened at $82.61 on Thursday. The company has a 50 day simple moving average of $82.98 and a 200 day simple moving average of $83.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a 1 year low of $67.30 and a 1 year high of $89.05. The firm has a market cap of $56.28 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.65 and a beta of 1.04.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. On average, research analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.545 per share. The ex-dividend date was Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.64%. MetLife’s dividend payout ratio (DPR) is 36.52%.

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.