Marcum Wealth LLC Has $352,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

Marcum Wealth LLC boosted its position in shares of MetLife, Inc. (NYSE:MET) by 13.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,295 shares of the financial services provider’s stock after buying an additional 510 shares during the quarter. Marcum Wealth LLC’s holdings in MetLife were worth $352,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. PFG Investments LLC lifted its holdings in MetLife by 8.9% during the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock worth $525,000 after buying an additional 520 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MetLife during the 3rd quarter worth $2,960,000. Segall Bryant & Hamill LLC acquired a new position in MetLife during the 3rd quarter worth $1,074,000. Meeder Asset Management Inc. lifted its holdings in MetLife by 48,101.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock worth $8,746,000 after buying an additional 105,823 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in MetLife by 5.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 285,514 shares of the financial services provider’s stock worth $23,549,000 after buying an additional 15,251 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Trading Up 2.4 %

Shares of NYSE:MET opened at $83.85 on Wednesday. MetLife, Inc. has a 12 month low of $64.61 and a 12 month high of $89.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $83.16 and its 200 day simple moving average is $79.20. The firm has a market cap of $58.06 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 0.76 and a beta of 1.07.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued 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 2.60%. MetLife’s payout ratio is 43.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MET. TD Cowen increased their price target on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays increased their price target on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. increased their price target on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.92.

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.