Retirement Wealth Solutions LLC Invests $32,000 in MetLife, Inc. (NYSE:MET)

Retirement Wealth Solutions LLC acquired a new stake in shares of MetLife, Inc. (NYSE:MET) in the fourth quarter, HoldingsChannel reports. The fund acquired 399 shares of the financial services provider’s stock, valued at approximately $32,000.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MET shares. Piper Sandler boosted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Barclays lifted their price objective on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Jefferies Financial Group boosted their price objective on shares of 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 raised their target price on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.92.

MetLife Stock Performance

Shares of MET stock opened at $86.83 on Friday. The business has a 50 day simple moving average of $83.29 and a 200 day simple moving average of $79.29. 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 $60.12 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 0.59 and a beta of 1.07. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio is currently 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.