Uncommon Cents Investing LLC Has $1.39 Million Position in MetLife, Inc. (NYSE:MET)

Uncommon Cents Investing LLC cut its holdings in MetLife, Inc. (NYSE:MET) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,929 shares of the financial services provider’s stock after selling 200 shares during the quarter. Uncommon Cents Investing LLC’s holdings in MetLife were worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of MetLife by 5.4% in the second quarter. Legal & General Group Plc now owns 5,299,800 shares of the financial services provider’s stock worth $371,993,000 after acquiring an additional 269,246 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of MetLife by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,548,725 shares of the financial services provider’s stock valued at $375,179,000 after purchasing an additional 68,579 shares in the last quarter. Nordea Investment Management AB raised its position in MetLife by 16.8% in the 4th quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock worth $347,735,000 after purchasing an additional 608,224 shares during the last quarter. Stifel Financial Corp lifted its holdings in MetLife by 5.0% during the 3rd quarter. Stifel Financial Corp now owns 2,239,841 shares of the financial services provider’s stock worth $184,744,000 after buying an additional 105,762 shares in the last quarter. Finally, FMR LLC boosted its position in MetLife by 5.4% in the 3rd quarter. FMR LLC now owns 2,209,119 shares of the financial services provider’s stock valued at $182,208,000 after buying an additional 112,491 shares during the last quarter. 94.99% of the stock is owned by institutional investors.

MetLife Stock Up 1.1 %

NYSE:MET opened at $86.83 on Monday. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05. The stock has a 50-day moving average price of $83.41 and a two-hundred day moving average price of $79.47. The stock has a market cap of $60.12 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.59 and a beta of 1.07. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be given a $0.545 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.51%. MetLife’s dividend payout ratio is presently 43.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler upped their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Barclays upped their target price on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company lowered their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Jefferies Financial Group lifted their target price on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.92.

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.