Here’s a breakdown of the recent analyst activity surrounding MetLife:
**MetLife’s Stock Performance:**
* MetLife’s stock has been on a downward trend since the beginning of the year. * The stock has fallen by approximately 10% since the start of 2023. * This decline is attributed to several factors, including rising interest rates, inflation, and economic uncertainty.
* **MetLife: A Global Powerhouse in Financial Services**
* **MetLife:
MetLife, Inc. (MET) is a global financial services company that provides insurance, annuities, and investment products. The company operates in over 60 countries and has a strong presence in the United States.
MetLife Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 6th were paid a dividend of $0.545 per share. The ex-dividend date was Tuesday, August 6th. This represents a $2.18 annualized dividend and a dividend yield of 2.89%. MetLife’s dividend payout ratio (DPR) is presently 74.91%. Institutional Investors Weigh In On MetLife Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of MetLife by 3.4% during the first quarter. Vanguard Group Inc. now owns 59,622,348 shares of the financial services provider’s stock worth $4,418,612,000 after acquiring an additional 1,974,268 shares during the last quarter. Norges Bank purchased a new stake in MetLife during the 4th quarter worth approximately $558,460,000. Dimensional Fund Advisors LP increased its stake in MetLife by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock valued at $378,799,000 after purchasing an additional 988,666 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of 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 buying an additional 269,246 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of MetLife by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock worth $226,358,000 after buying an additional 100,782 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.
MetLife Company Profile (Get Free Report) 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. Read More Receive News & Ratings for MetLife Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MetLife and related companies with MarketBeat.com’s FREE daily email newsletter.
