DGS Capital Management LLC Sells 258 Shares of MetLife, Inc. (NYSE:MET)

DGS Capital Management LLC decreased its holdings in shares of MetLife, Inc. (NYSE:MET) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,964 shares of the financial services provider’s stock after selling 258 shares during the period. DGS Capital Management LLC’s holdings in MetLife were worth $409,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC grew its position in 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 acquiring an additional 1,115,124 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of MetLife during the third quarter valued at approximately $91,771,000. Dimensional Fund Advisors LP increased 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 buying an additional 988,666 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in MetLife by 79.1% during the 3rd 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 buying an additional 762,291 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in MetLife by 256.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock valued at $78,209,000 after buying an additional 682,333 shares during the period. 94.99% of the stock is currently owned by institutional investors.

MetLife Stock Performance

Shares of MET stock opened at $82.99 on Friday. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05. The company has a 50 day moving average price of $83.77 and a 200-day moving average price of $77.33. The firm has a market capitalization of $57.46 billion, a PE ratio of 16.73, a P/E/G ratio of 0.74 and a beta of 1.06. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51.

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 issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio is 43.95%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MET shares. Wells Fargo & Company boosted their price target on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Piper Sandler lifted their price objective on MetLife from $85.00 to $92.00 and gave the company 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 note on Monday, November 25th. Jefferies Financial Group raised their price objective on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Barclays reduced their target price on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $88.62.

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.