Graypoint LLC Raises Stock Holdings in MetLife, Inc. (NYSE:MET)

Graypoint LLC lifted its holdings in MetLife, Inc. (NYSE:MET) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,834 shares of the financial services provider’s stock after purchasing an additional 259 shares during the quarter. Graypoint LLC’s holdings in MetLife were worth $396,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on MET. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. TD Cowen increased their price objective on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Barclays boosted their target price on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company increased their price target on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.00.

MetLife Trading Down 3.0 %

MetLife stock opened at $80.30 on Friday. 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 market cap of $55.60 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The stock has a 50-day moving average of $82.97 and a two-hundred day moving average of $78.97. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is presently 43.95%.

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.