140,743 Shares in MetLife, Inc. $MET Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of MetLife, Inc. (NYSE:MET) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 140,743 shares of the financial services provider’s stock, valued at approximately $13,252,000.

Other large investors have also made changes to their positions in the company. Profund Advisors LLC boosted its holdings in MetLife by 9.7% in the third quarter. Profund Advisors LLC now owns 4,970 shares of the financial services provider’s stock valued at $468,000 after purchasing an additional 440 shares during the last quarter. ProShare Advisors LLC grew its position in MetLife by 4.6% during the 3rd quarter. ProShare Advisors LLC now owns 142,269 shares of the financial services provider’s stock worth $13,396,000 after purchasing an additional 6,317 shares during the period. Vise Technologies Inc. raised its stake in shares of MetLife by 32.8% during the 3rd quarter. Vise Technologies Inc. now owns 34,320 shares of the financial services provider’s stock valued at $3,232,000 after buying an additional 8,476 shares during the last quarter. Unison Advisors LLC raised its stake in shares of MetLife by 0.6% during the 3rd quarter. Unison Advisors LLC now owns 54,697 shares of the financial services provider’s stock valued at $5,150,000 after buying an additional 351 shares during the last quarter. Finally, MGO One Seven LLC lifted its holdings in shares of MetLife by 6.8% in the 3rd quarter. MGO One Seven LLC now owns 11,616 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 741 shares during the period. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MET has been the topic of a number of recent research reports. Argus upped their target price on MetLife from $93.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Piper Sandler upgraded MetLife from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $99.00 to $110.00 in a research report on Tuesday, September 22nd. Evercore reiterated a “mixed” rating on shares of MetLife in a research report on Monday, August 24th. Wall Street Zen raised MetLife from a “hold” rating to a “buy” rating in a report on Sunday, September 27th. Finally, UBS Group upped their price objective on MetLife from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.44.

MetLife Stock Performance

Shares of MET stock opened at $100.67 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.52. MetLife, Inc. has a 12-month low of $67.33 and a 12-month high of $103.65. The business’s 50 day moving average is $97.91 and its two-hundred day moving average is $85.91. The company has a market capitalization of $64.78 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.95 and a beta of 0.79.

MetLife (NYSE:MET) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.13. MetLife had a return on equity of 23.39% and a net margin of 4.57%. The business had revenue of $13.52 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same period in the prior year, the company posted $2.02 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that MetLife, Inc. will post 9.94 EPS for the current fiscal year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Tuesday, November 3rd will be given a dividend of $0.5925 per share. The ex-dividend date is Tuesday, November 3rd. This represents a $2.37 dividend on an annualized basis and a yield of 2.4%. MetLife’s dividend payout ratio is currently 45.40%.

MetLife announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 5th that authorizes the company to buy back $3 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.8% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

MetLife Company Profile

MetLife, Inc (NYSE: MET) is a global financial services company that provides insurance, retirement, and employee benefits solutions to individuals, employers, and institutions. Its offerings include life insurance, dental and vision coverage, accident and disability insurance, annuities, retirement savings products, and related financial services.

Through its institutional and workplace businesses, MetLife helps employers provide benefits and retirement programs to their employees. The company also serves individual customers with protection and income products.