St. Johns Investment Management Company LLC Sells 276 Shares of MetLife, Inc. (NYSE:MET)

St. Johns Investment Management Company LLC lowered its holdings in shares of MetLife, Inc. (NYSE:MET) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 12,482 shares of the financial services provider’s stock after selling 276 shares during the period. St. Johns Investment Management Company LLC’s holdings in MetLife were worth $1,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MET. RFG Advisory LLC lifted its position in shares of MetLife by 49.7% in the fourth quarter. RFG Advisory LLC now owns 9,881 shares of the financial services provider’s stock worth $809,000 after buying an additional 3,282 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in shares of MetLife by 4.7% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 16,869 shares of the financial services provider’s stock valued at $1,381,000 after acquiring an additional 750 shares in the last quarter. Brighton Jones LLC lifted its holdings in MetLife by 9.0% in the 4th quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 351 shares during the last quarter. Sustainable Insight Capital Management LLC boosted its position in MetLife by 55.7% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 17,128 shares of the financial services provider’s stock worth $1,402,000 after purchasing an additional 6,128 shares during the period. Finally, Red Door Wealth Management LLC grew its holdings in MetLife by 7.2% during the fourth quarter. Red Door Wealth Management LLC now owns 2,965 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Price Performance

Shares of MetLife stock opened at $86.82 on Friday. The stock has a market capitalization of $60.11 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 0.65 and a beta of 1.07. The firm’s 50-day moving average price is $83.68 and its two-hundred day moving average price is $79.82. 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, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued 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 yield of 2.51%. MetLife’s dividend payout ratio is 43.95%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MET. Piper Sandler upped their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen upped their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. BMO Capital Markets assumed coverage on MetLife in a research note on Thursday. They issued a “market perform” rating and a $97.00 price objective on the stock. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Wells Fargo & Company dropped their price target on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MetLife has an average rating of “Moderate Buy” and a consensus target price of $90.46.

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.