MetLife, Inc. (NYSE:MET) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. decreased its holdings in MetLife, Inc. (NYSE:MET) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,482 shares of the financial services provider’s stock after selling 2,963 shares during the quarter. Fulton Bank N.A.’s holdings in MetLife were worth $2,905,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC lifted its stake in MetLife by 244.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after buying an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its position in shares of MetLife by 131.9% in the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 186 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of MetLife by 374.3% in the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 277 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of MetLife in the third quarter worth approximately $30,000. Finally, Fortitude Family Office LLC increased its position in shares of MetLife by 177.3% during the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

MET has been the topic of several recent research reports. Barclays lifted their target price on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company upped their price objective on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Piper Sandler raised their target price 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. Jefferies Financial Group upped their price target on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, TD Cowen lifted their price objective on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Fourteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $89.23.

MetLife Trading Up 0.3 %

MET stock traded up $0.26 during mid-day trading on Wednesday, hitting $82.40. 1,779,797 shares of the company were exchanged, compared to its average volume of 2,472,935. The business has a fifty day simple moving average of $82.85 and a 200-day simple moving average of $78.81. The firm has a market capitalization of $57.06 billion, a P/E ratio of 16.61, a PEG ratio of 0.76 and a beta of 1.07. MetLife, Inc. has a 12-month low of $64.61 and a 12-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.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.65%. MetLife’s payout ratio is 43.95%.

MetLife Company 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.