ORG Wealth Partners LLC Purchases Shares of 911 MetLife, Inc. (NYSE:MET)

ORG Wealth Partners LLC bought a new position in shares of MetLife, Inc. (NYSE:MET) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 911 shares of the financial services provider’s stock, valued at approximately $75,000.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in MetLife in the second quarter valued at $126,000. American Century Companies Inc. lifted its holdings in shares of MetLife by 16.7% in the 2nd quarter. American Century Companies Inc. now owns 1,028,848 shares of the financial services provider’s stock valued at $72,215,000 after purchasing an additional 146,940 shares during the last quarter. Forsta AP Fonden boosted its position in shares of MetLife by 23.1% in the 2nd quarter. Forsta AP Fonden now owns 179,900 shares of the financial services provider’s stock valued at $12,627,000 after purchasing an additional 33,800 shares during the period. BOKF NA grew its stake in MetLife by 117.8% during the 2nd quarter. BOKF NA now owns 7,389 shares of the financial services provider’s stock worth $519,000 after buying an additional 3,997 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of MetLife by 3.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,616 shares of the financial services provider’s stock valued at $2,009,000 after acquiring an additional 954 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Trading Down 3.0 %

Shares of MET opened at $80.30 on Friday. MetLife, Inc. has a twelve month low of $64.61 and a twelve month high of $89.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $55.60 billion, a P/E ratio of 16.19, a PEG ratio of 0.76 and a beta of 1.07. The firm’s 50-day moving average is $82.97 and its two-hundred day moving average is $78.92.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio is currently 43.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Piper Sandler lifted their target price on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group boosted their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. increased their price target on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, MetLife has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

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.