World Investment Advisors LLC Invests $336,000 in MetLife, Inc. (NYSE:MET)

World Investment Advisors LLC purchased a new stake in MetLife, Inc. (NYSE:MET) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,068 shares of the financial services provider’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. &PARTNERS increased its position in MetLife by 239.3% during the second quarter. &PARTNERS now owns 9,793 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 6,907 shares during the period. Premier Path Wealth Partners LLC raised its position in shares of MetLife by 28.0% in the second quarter. Premier Path Wealth Partners LLC now owns 7,358 shares of the financial services provider’s stock valued at $516,000 after buying an additional 1,611 shares in the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of MetLife by 73.7% in the second quarter. Quotient Wealth Partners LLC now owns 7,125 shares of the financial services provider’s stock valued at $500,000 after buying an additional 3,023 shares during the period. Family Firm Inc. acquired a new stake in MetLife during the second quarter worth approximately $85,000. Finally, AMG National Trust Bank bought a new position in MetLife during the 2nd quarter worth $205,000. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Price Performance

Shares of MET opened at $78.79 on Thursday. The business has a 50-day simple moving average of $83.61 and a two-hundred day simple moving average of $77.58. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05. The stock has a market cap of $54.56 billion, a PE ratio of 15.89, a PEG ratio of 0.74 and a beta of 1.06. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Tuesday, November 5th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.77%. MetLife’s dividend payout ratio is presently 43.95%.

Analyst Ratings Changes

MET has been the subject of a number of recent analyst reports. StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. 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 boosted their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Piper Sandler increased their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $88.62.

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.