Pines Wealth Management LLC Takes $598,000 Position in MetLife, Inc. (NYSE:MET)

Pines Wealth Management LLC acquired a new position in MetLife, Inc. (NYSE:MET) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,456 shares of the financial services provider’s stock, valued at approximately $598,000.

Other hedge funds have also recently bought and sold shares of the company. PFG Investments LLC grew its position in MetLife by 8.9% in the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 520 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MetLife in the 3rd quarter worth approximately $2,960,000. Segall Bryant & Hamill LLC acquired a new stake in MetLife in the 3rd quarter valued at approximately $1,074,000. Meeder Asset Management Inc. raised its stake in MetLife by 48,101.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock valued at $8,746,000 after acquiring an additional 105,823 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in MetLife by 5.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 285,514 shares of the financial services provider’s stock worth $23,549,000 after acquiring an additional 15,251 shares during the period. 94.99% of the stock is currently owned by institutional investors.

MetLife Price Performance

Shares of NYSE:MET opened at $83.85 on Wednesday. The company has a market capitalization of $58.06 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a fifty day moving average of $83.16 and a 200-day moving average of $79.20. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be given a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.60%. MetLife’s dividend payout ratio (DPR) is 43.95%.

Analysts Set New Price Targets

MET has been the topic of a number of research analyst reports. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. raised their target price on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Piper Sandler upped their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. TD Cowen raised their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Barclays upped their target price on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.92.

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.