Sat Sep 21 11:30:58 UTC 2024: ## Mutual of America Capital Management Reduces Stake in MetLife, Inc.
**New York, NY – September 21st, 2024** – Mutual of America Capital Management LLC, an institutional investor, reduced its position in MetLife, Inc. (NYSE: MET) by 6.4% in the second quarter, according to the firm’s latest Form 13F filing with the Securities & Exchange Commission. The fund now owns 75,331 shares of the financial services provider, valued at $5,287,000.
This move comes as several other institutional investors and hedge funds adjusted their positions in MetLife. Notably, CHURCHILL MANAGEMENT Corp acquired a new position in the company during the first quarter worth $7,012,000, while National Bank of Canada FI increased its stake by 54.9% during the same period.
MetLife’s stock opened at $80.85 on Friday, with a 52-week low of $57.91 and a 52-week high of $81.39. The company’s market cap currently stands at $57.49 billion, and it recently announced a quarterly dividend of $0.545 per share, representing a yield of 2.70%.
Analysts remain largely optimistic about MetLife, with twelve analysts issuing a “buy” rating and two issuing a “hold” rating. This leads to a consensus “Moderate Buy” rating and an average target price of $84.54, according to MarketBeat data.
MetLife, Inc. offers a wide range of financial services globally, including insurance, annuities, employee benefits, and asset management. The company operates across six segments: Retirement and Income Solutions, Group Benefits, Asia, Latin America, Europe, the Middle East and Africa, and MetLife Holdings.
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