MetLife, Inc. (NYSE:MET) Shares Bought by Brooklyn Investment Group

Brooklyn Investment Group lifted its position in shares of MetLife, Inc. (NYSE:MET) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,989 shares of the financial services provider’s stock after acquiring an additional 359 shares during the quarter. Brooklyn Investment Group’s holdings in MetLife were worth $245,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT increased its holdings in shares of MetLife by 5.0% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 3,501 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 166 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in MetLife by 0.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 62,120 shares of the financial services provider’s stock worth $4,353,000 after buying an additional 317 shares during the period. Seven Eight Capital LP purchased a new position in MetLife in the second quarter valued at about $1,116,000. Intech Investment Management LLC lifted its position in shares of MetLife by 21.4% during the 2nd quarter. Intech Investment Management LLC now owns 39,269 shares of the financial services provider’s stock valued at $2,756,000 after acquiring an additional 6,930 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of MetLife by 2.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 11,297 shares of the financial services provider’s stock worth $793,000 after acquiring an additional 220 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MET. Wells Fargo & Company reduced their price objective on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Barclays lifted their price target on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Piper Sandler increased their price objective on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their target price on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.92.

MetLife Price Performance

Shares of NYSE:MET opened at $86.83 on Friday. The company has a market cap of $60.12 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.59 and a beta of 1.07. The business has a fifty day simple moving average of $83.41 and a 200-day simple moving average of $79.41. MetLife, Inc. has a 52 week low of $64.61 and a 52 week 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 Dividend Announcement

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