MetLife, Inc. (NYSE:MET) Shares Purchased by CX Institutional

CX Institutional raised its stake in MetLife, Inc. (NYSE:MET) by 15.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 68,005 shares of the financial services provider’s stock after purchasing an additional 9,337 shares during the period. CX Institutional’s holdings in MetLife were worth $5,568,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MET. Great Valley Advisor Group Inc. lifted its stake in MetLife by 1.3% in the third quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock valued at $781,000 after acquiring an additional 123 shares during the last quarter. Abacus Planning Group Inc. lifted its stake in shares of MetLife by 1.0% in the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock valued at $1,015,000 after purchasing an additional 127 shares during the last quarter. Avestar Capital LLC boosted its holdings in MetLife by 3.2% in the third quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 133 shares in the last quarter. First Commonwealth Financial Corp PA increased its position in MetLife by 0.8% during the third quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider’s stock worth $1,375,000 after buying an additional 133 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in MetLife by 2.0% during the third quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock valued at $576,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Stock Up 0.6 %

MetLife stock opened at $87.30 on Friday. MetLife, Inc. has a twelve month low of $64.61 and a twelve month high of $89.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $83.68 and a 200-day moving average of $79.82. The stock has a market capitalization of $60.45 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio is 43.95%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MET. Jefferies Financial Group upped their target price on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company reduced their target price on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Piper Sandler boosted their price target on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.46.

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.