MetLife, Inc. (MET) To Go Ex-Dividend on February 4th

MetLife, Inc. (NYSE:MET) announced a quarterly dividend on Tuesday, January 7th,RTT News reports. Stockholders of record on Tuesday, February 4th will be paid a dividend of 0.545 per share by the financial services provider on Tuesday, March 11th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, February 4th.

MetLife has increased its dividend payment by an average of 4.3% annually over the last three years and has raised its dividend every year for the last 11 years. MetLife has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MetLife to earn $9.69 per share next year, which means the company should continue to be able to cover its $2.18 annual dividend with an expected future payout ratio of 22.5%.

MetLife Stock Up 0.9 %

NYSE:MET opened at $82.91 on Thursday. The stock has a 50-day simple moving average of $82.85 and a 200 day simple moving average of $78.84. 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 company has a market cap of $57.41 billion, a PE ratio of 16.72, a PEG ratio of 0.76 and a beta of 1.07. MetLife has a 52-week low of $64.61 and a 52-week high of $89.05.

Analyst Ratings Changes

MET has been the topic of several recent research reports. TD Cowen lifted their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday. Piper Sandler raised their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upped their price objective on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company lifted their target price on shares of MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.00.

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.