MetLife, Inc. (NYSE:MET) Stock Holdings Increased by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC grew its position in shares of MetLife, Inc. (NYSE:MET) by 34.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,528 shares of the financial services provider’s stock after buying an additional 3,233 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in MetLife were worth $1,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC grew its stake in MetLife by 50.2% during the 4th quarter. Fortitude Family Office LLC now owns 625 shares of the financial services provider’s stock worth $51,000 after buying an additional 209 shares during the last quarter. InvesTrust bought a new position in MetLife in the 4th quarter worth about $7,691,000. Diversified Trust Co increased its stake in shares of MetLife by 1.9% in the fourth quarter. Diversified Trust Co now owns 28,810 shares of the financial services provider’s stock valued at $2,359,000 after purchasing an additional 534 shares during the period. Pensionfund Sabic raised its holdings in shares of MetLife by 32.3% during the fourth quarter. Pensionfund Sabic now owns 20,500 shares of the financial services provider’s stock valued at $1,679,000 after buying an additional 5,000 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in MetLife by 16.8% in the 4th quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock worth $347,735,000 after buying an additional 608,224 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Trading Down 2.6 %

Shares of MetLife stock traded down $2.13 on Friday, reaching $80.69. 673,066 shares of the company were exchanged, compared to its average volume of 2,556,002. 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 fifty-two week low of $64.61 and a fifty-two week high of $89.05. The firm has a market capitalization of $55.87 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The stock has a fifty day moving average price of $82.94 and a 200-day moving average price of $78.87.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders 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 yield of 2.70%. MetLife’s dividend payout ratio is presently 43.95%.

Analyst Ratings Changes

MET has been the subject of a number of analyst reports. Piper Sandler boosted their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group increased 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. TD Cowen upped their price target 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. Wells Fargo & Company increased their price objective on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.00.

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.