Gilbert & Cook Inc. Has $1.04 Million Stock Position in MetLife, Inc. (NYSE:MET)

Gilbert & Cook Inc. increased its position in shares of MetLife, Inc. (NYSE:MET) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,713 shares of the financial services provider’s stock after purchasing an additional 156 shares during the period. Gilbert & Cook Inc.’s holdings in MetLife were worth $1,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFG Investments LLC increased its holdings in MetLife by 8.9% during the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 520 shares in the last quarter. CX Institutional raised its position in MetLife by 15.9% in the 4th quarter. CX Institutional now owns 68,005 shares of the financial services provider’s stock valued at $5,568,000 after buying an additional 9,337 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MetLife during the 3rd quarter valued at $2,960,000. Segall Bryant & Hamill LLC purchased a new position in MetLife during the 3rd quarter worth $1,074,000. Finally, Meeder Asset Management Inc. grew its stake in shares of MetLife by 48,101.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock worth $8,746,000 after acquiring an additional 105,823 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

MetLife Stock Performance

Shares of MET stock traded up $0.59 during trading on Thursday, reaching $87.23. 64,439 shares of the company’s stock traded hands, compared to its average volume of 3,417,274. The firm’s 50-day moving average is $84.03 and its 200 day moving average is $80.35. The company has a market capitalization of $60.40 billion, a P/E ratio of 17.55, a PEG ratio of 0.65 and a beta of 1.07. MetLife, Inc. has a 1 year low of $64.61 and a 1 year 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.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is currently 43.95%.

Wall Street Analyst Weigh In

MET has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Piper Sandler upped their target price on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. BMO Capital Markets began coverage on MetLife in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price objective for the company. Finally, TD Cowen lifted their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.46.

MetLife Company 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.