* StockNews.com downgraded MetLife from a buy rating to a hold rating. * JPMorgan Chase & Co. raised their target price on MetLife shares. * Both actions reflect the current market sentiment towards the insurance giant. **Detailed Analysis:**
The recent actions of StockNews.com and JPMorgan Chase & Co.
This text provides a snapshot of MetLife’s stock performance and financial metrics. It highlights the stock’s opening price, recent lows, moving averages, market capitalization, price-to-earnings ratio, price-to-earnings-to-growth ratio, and beta. **Detailed Text:**
MetLife, a prominent player in the insurance industry, has seen its stock price fluctuate recently.
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.
**Company Overview**
* MetLife has been around for over 150 years. * MetLife is headquartered in New York City. * MetLife has a global reach, operating in over 40 countries.
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