MetLife, Inc. (NYSE:MET) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lowered its stake in shares of MetLife, Inc. (NYSE:MET) by 37.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,152 shares of the financial services provider’s stock after selling 10,366 shares during the period. SteelPeak Wealth LLC’s holdings in MetLife were worth $1,404,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BSW Wealth Partners acquired a new position in shares of MetLife during the 4th quarter valued at about $215,000. Stonegate Investment Group LLC boosted its holdings in MetLife by 24.9% in the 4th quarter. Stonegate Investment Group LLC now owns 8,022 shares of the financial services provider’s stock valued at $657,000 after purchasing an additional 1,598 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of MetLife by 10.3% in the 4th quarter. Perigon Wealth Management LLC now owns 8,130 shares of the financial services provider’s stock valued at $698,000 after buying an additional 759 shares during the period. Nilsine Partners LLC increased its holdings in shares of MetLife by 47.2% during the 4th quarter. Nilsine Partners LLC now owns 6,137 shares of the financial services provider’s stock worth $502,000 after buying an additional 1,969 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of MetLife during the 4th quarter valued at approximately $238,000. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MET shares. Piper Sandler increased their price objective on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. upped their target price on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, TD Cowen increased their price objective on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.46.

MetLife Trading Up 1.3 %

NYSE:MET opened at $86.77 on Thursday. The stock has a fifty day moving average price of $83.95 and a 200 day moving average price of $80.30. 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 12-month low of $64.61 and a 12-month high of $89.05. The firm has a market cap of $60.08 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07.

MetLife Announces Dividend

The business also recently disclosed 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. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio is presently 43.95%.

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.