Brooklyn Investment Group Makes New Investment in MetLife, Inc. (NYSE:MET)

Brooklyn Investment Group purchased a new stake in MetLife, Inc. (NYSE:MET) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,630 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other institutional investors have also made changes to their positions in MET. FMR LLC raised its holdings in MetLife by 5.4% in the 3rd quarter. FMR LLC now owns 2,209,119 shares of the financial services provider’s stock valued at $182,208,000 after acquiring an additional 112,491 shares in the last quarter. D.A. Davidson & CO. lifted its position in MetLife by 3.1% during the third quarter. D.A. Davidson & CO. now owns 22,294 shares of the financial services provider’s stock worth $1,839,000 after purchasing an additional 671 shares during the period. Bank of Montreal Can grew its stake in MetLife by 5.5% during the third quarter. Bank of Montreal Can now owns 901,340 shares of the financial services provider’s stock worth $74,343,000 after buying an additional 47,117 shares in the last quarter. DRW Securities LLC increased its holdings in MetLife by 378.0% in the 3rd quarter. DRW Securities LLC now owns 53,836 shares of the financial services provider’s stock valued at $4,440,000 after buying an additional 42,573 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of MetLife by 15.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 101,756 shares of the financial services provider’s stock valued at $8,393,000 after buying an additional 13,617 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on MET. Wells Fargo & Company increased 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. Bank of America decreased their price target on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Financial Group lifted their target price 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 raised their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $88.46.

MetLife Price Performance

MetLife stock opened at $87.77 on Wednesday. The firm has a market cap of $60.77 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.79 and a beta of 1.05. The stock’s 50 day moving average is $82.87 and its 200 day moving average is $76.29. 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, Inc. has a one year low of $62.81 and a one year high of $87.88.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio (DPR) is presently 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.