Wright Investors Service Inc. Has $1.33 Million Stock Position in MetLife, Inc. (NYSE:MET)

Wright Investors Service Inc. lessened its holdings in MetLife, Inc. (NYSE:MET) by 24.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,291 shares of the financial services provider’s stock after selling 5,257 shares during the period. Wright Investors Service Inc.’s holdings in MetLife were worth $1,334,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. BOKF NA boosted its holdings in MetLife by 117.8% during the second quarter. BOKF NA now owns 7,389 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 3,997 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of MetLife by 3.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,616 shares of the financial services provider’s stock worth $2,009,000 after buying an additional 954 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of MetLife by 2.4% in the second quarter. Federated Hermes Inc. now owns 115,224 shares of the financial services provider’s stock valued at $8,088,000 after acquiring an additional 2,749 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of MetLife by 17.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 98,072 shares of the financial services provider’s stock valued at $6,884,000 after acquiring an additional 14,233 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in MetLife by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 3,224,930 shares of the financial services provider’s stock worth $226,358,000 after acquiring an additional 100,782 shares during the period. Institutional investors own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Piper Sandler raised their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Jefferies Financial Group boosted their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. TD Cowen lifted their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

MetLife Price Performance

Shares of NYSE:MET opened at $81.94 on Tuesday. The company’s fifty day moving average price is $83.04 and its 200-day moving average price is $79.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $56.74 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 0.76 and a beta of 1.07. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05.

MetLife Announces Dividend

The company 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. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.66%. MetLife’s dividend payout ratio is presently 43.95%.

About MetLife

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.