MetLife, Inc. (NYSE:MET) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in shares of MetLife, Inc. (NYSE:MET) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,609 shares of the financial services provider’s stock after purchasing an additional 300 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in MetLife were worth $966,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Pzena Investment Management LLC increased its position in shares of MetLife by 118.1% during the third quarter. Pzena Investment Management LLC now owns 10,108,992 shares of the financial services provider’s stock worth $635,957,000 after purchasing an additional 5,474,449 shares in the last quarter. Northern Trust Corp raised its position in MetLife by 3.9% in the 3rd quarter. Northern Trust Corp now owns 7,440,583 shares of the financial services provider’s stock valued at $468,087,000 after purchasing an additional 276,364 shares in the last quarter. Invesco Ltd. raised its position in shares of MetLife by 0.3% during the 3rd quarter. Invesco Ltd. now owns 5,829,965 shares of the financial services provider’s stock worth $366,763,000 after acquiring an additional 17,375 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MetLife by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,774,122 shares of the financial services provider’s stock worth $237,430,000 after acquiring an additional 22,031 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of MetLife by 15.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,724,805 shares of the financial services provider’s stock worth $234,327,000 after acquiring an additional 495,027 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MetLife

In other news, insider Ramy Tadros sold 4,026 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $71.90, for a total transaction of $289,469.40. Following the sale, the insider now directly owns 146,981 shares in the company, valued at approximately $10,567,933.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Ramy Tadros sold 4,026 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $71.90, for a total value of $289,469.40. Following the completion of the transaction, the insider now directly owns 146,981 shares of the company’s stock, valued at approximately $10,567,933.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bill Pappas sold 27,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $72.27, for a total value of $1,951,290.00. Following the completion of the transaction, the executive vice president now directly owns 57,768 shares of the company’s stock, valued at $4,174,893.36. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

MET has been the topic of several analyst reports. UBS Group lowered their target price on MetLife from $87.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Morgan Stanley boosted their price target on MetLife from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Piper Sandler boosted their price target on MetLife from $74.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Wells Fargo & Company lifted their price objective on MetLife from $83.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on MetLife from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.23.

MetLife Price Performance

Shares of NYSE MET opened at $70.42 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a 1-year low of $48.95 and a 1-year high of $74.68. The business has a 50-day moving average of $71.44 and a 200-day moving average of $67.15. The company has a market capitalization of $50.92 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 0.54 and a beta of 1.04.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). MetLife had a return on equity of 19.48% and a net margin of 2.36%. The business had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.07 billion. On average, equities analysts anticipate that MetLife, Inc. will post 8.71 EPS for the current fiscal year.

MetLife Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $2.18 annualized dividend and a yield of 3.10%. This is a boost from MetLife’s previous quarterly dividend of $0.52. MetLife’s dividend payout ratio is presently 113.66%.

MetLife Company 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.