Goldstone Financial Group LLC Has $557,000 Holdings in MetLife, Inc. (NYSE:MET)

Goldstone Financial Group LLC grew its stake in MetLife, Inc. (NYSE:MET) by 15.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,799 shares of the financial services provider’s stock after buying an additional 898 shares during the quarter. Goldstone Financial Group LLC’s holdings in MetLife were worth $557,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. KMG Fiduciary Partners LLC raised its position in shares of MetLife by 6.4% in the fourth quarter. KMG Fiduciary Partners LLC now owns 54,513 shares of the financial services provider’s stock valued at $4,464,000 after purchasing an additional 3,257 shares during the period. Ritholtz Wealth Management raised its holdings in MetLife by 137.1% in the 4th quarter. Ritholtz Wealth Management now owns 6,151 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 3,557 shares during the period. Tallon Kerry Patrick acquired a new position in MetLife during the 4th quarter worth $260,000. Stolper Co boosted its holdings in MetLife by 0.8% during the fourth quarter. Stolper Co now owns 27,621 shares of the financial services provider’s stock valued at $2,262,000 after acquiring an additional 226 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of MetLife by 5.4% in the fourth quarter. Park Avenue Securities LLC now owns 37,290 shares of the financial services provider’s stock worth $3,053,000 after purchasing an additional 1,922 shares during the period. Institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MET shares. JPMorgan Chase & Co. raised their target price on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. Piper Sandler upped their price objective on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Barclays lifted their target price on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Jefferies Financial Group upped their price target on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.92.

MetLife Price Performance

MetLife stock opened at $85.90 on Friday. The business has a 50 day simple moving average of $83.19 and a 200 day simple moving average of $79.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $59.48 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.59 and a beta of 1.07. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.54%. 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.