Impact Partnership Wealth LLC Buys 6,919 Shares of MetLife, Inc. (NYSE:MET)

Impact Partnership Wealth LLC grew its position in shares of MetLife, Inc. (NYSE:MET) by 67.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,168 shares of the financial services provider’s stock after acquiring an additional 6,919 shares during the period. Impact Partnership Wealth LLC’s holdings in MetLife were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MET. 1832 Asset Management L.P. lifted its position in MetLife by 79.0% during the second quarter. 1832 Asset Management L.P. now owns 1,344 shares of the financial services provider’s stock valued at $94,000 after buying an additional 593 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in MetLife by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,826 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 1,151 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of MetLife by 56.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,722 shares of the financial services provider’s stock valued at $8,263,000 after acquiring an additional 42,603 shares in the last quarter. Caxton Associates LP purchased a new position in MetLife in the 2nd quarter worth approximately $240,000. Finally, AQR Capital Management LLC boosted its stake in MetLife by 11.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,247,795 shares of the financial services provider’s stock valued at $87,583,000 after purchasing an additional 132,982 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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 note on Wednesday, November 27th. Jefferies Financial Group lifted their price target on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Piper Sandler lifted their target price on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price objective on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and an average target price of $90.46.

MetLife Trading Up 1.2 %

MET stock opened at $86.82 on Friday. The firm’s fifty day simple moving average is $83.68 and its two-hundred day simple moving average is $79.82. The stock has a market capitalization of $60.11 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a twelve month low of $64.61 and a twelve month high of $89.05.

MetLife Dividend Announcement

The firm 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 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 2.51%. MetLife’s dividend payout ratio is 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.