Sustainable Insight Capital Management LLC Sells 5,300 Shares of MetLife, Inc. (NYSE:MET)

Sustainable Insight Capital Management LLC cut its holdings in MetLife, Inc. (NYSE:MET) by 32.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,000 shares of the financial services provider’s stock after selling 5,300 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in MetLife were worth $907,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MET. Vanguard Group Inc. boosted its position in MetLife by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 59,622,348 shares of the financial services provider’s stock valued at $4,418,612,000 after buying an additional 1,974,268 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 valued at $378,799,000 after acquiring an additional 988,666 shares during the last quarter. Legal & General Group Plc increased its position in MetLife by 5.4% in the second quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider’s stock worth $371,993,000 after purchasing an additional 269,246 shares during the period. Envestnet Asset Management Inc. raised its holdings in MetLife by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock worth $226,358,000 after purchasing an additional 100,782 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in MetLife by 29.7% during the 1st quarter. Bessemer Group Inc. now owns 2,120,275 shares of the financial services provider’s stock valued at $157,133,000 after purchasing an additional 485,811 shares during the period. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MET. Wells Fargo & Company boosted their price target on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Piper Sandler increased their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Jefferies Financial Group increased their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays decreased their target price on MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.46.

MetLife Price Performance

MetLife stock opened at $81.02 on Friday. The company has a 50 day moving average of $81.03 and a 200-day moving average of $75.19. 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, Inc. has a twelve month low of $59.24 and a twelve month high of $86.94. The stock has a market capitalization of $56.10 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio 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.