Stablepoint Partners LLC Acquires 247 Shares of MetLife, Inc. (NYSE:MET)

Stablepoint Partners LLC boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,317 shares of the financial services provider’s stock after purchasing an additional 247 shares during the period. Stablepoint Partners LLC’s holdings in MetLife were worth $4,693,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI acquired a new position in shares of MetLife in the 3rd quarter worth approximately $91,771,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in MetLife by 79.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock valued at $142,378,000 after acquiring an additional 762,291 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in MetLife by 256.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock worth $78,209,000 after acquiring an additional 682,333 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of MetLife by 16.8% during the fourth quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock valued at $347,735,000 after acquiring an additional 608,224 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of MetLife by 107.5% in the 4th quarter. SG Americas Securities LLC now owns 30,542 shares of the financial services provider’s stock valued at $2,501,000 after purchasing an additional 435,807 shares in the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Stock Performance

MetLife stock opened at $85.96 on Friday. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05. The company’s 50-day moving average is $83.81 and its two-hundred day moving average is $79.98. 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 company has a market cap of $59.52 billion, a PE ratio of 17.33, a PEG ratio of 0.65 and a beta of 1.07.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio is presently 43.95%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MET shares. Piper Sandler lifted their price target on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Wells Fargo & Company decreased their price target on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets initiated coverage on MetLife in a research note on Thursday. They issued a “market perform” rating and a $97.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, MetLife has an average rating of “Moderate Buy” and an average price target of $90.46.

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.