Sugarloaf Wealth Management LLC Has $138,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

Sugarloaf Wealth Management LLC reduced its position in shares of MetLife, Inc. (NYSE:MET) by 24.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,690 shares of the financial services provider’s stock after selling 533 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in MetLife were worth $138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of MetLife during the second quarter worth approximately $126,000. American Century Companies Inc. raised its holdings in MetLife by 16.7% during the second quarter. American Century Companies Inc. now owns 1,028,848 shares of the financial services provider’s stock worth $72,215,000 after buying an additional 146,940 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of MetLife by 23.1% in the second quarter. Forsta AP Fonden now owns 179,900 shares of the financial services provider’s stock valued at $12,627,000 after buying an additional 33,800 shares in the last quarter. BOKF NA increased its position in shares of 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 acquiring an additional 3,997 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings 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 acquiring an additional 954 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MET. Wells Fargo & Company lifted their price target on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays upped their price target on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Piper Sandler raised their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, TD Cowen raised their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.00.

MetLife Trading Down 3.0 %

NYSE:MET opened at $80.30 on Friday. MetLife, Inc. has a 12 month low of $64.61 and a 12 month high of $89.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $82.97 and its 200 day moving average is $78.92. The stock has a market capitalization of $55.60 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.71%. MetLife’s dividend payout ratio is presently 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.