MassMutual Private Wealth & Trust FSB Purchases 263 Shares of MetLife, Inc. (NYSE:MET)

MassMutual Private Wealth & Trust FSB increased its holdings in MetLife, Inc. (NYSE:MET) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,605 shares of the financial services provider’s stock after purchasing an additional 263 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in MetLife were worth $213,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC raised its position in shares of MetLife by 244.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after buying an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. increased its stake in MetLife by 131.9% during the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 186 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 277 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of MetLife in the 3rd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of MetLife during the 4th quarter valued at approximately $32,000. Institutional investors own 94.99% of the company’s stock.

MetLife Trading Down 1.3 %

NYSE MET opened at $85.78 on Thursday. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $59.39 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.66 and a beta of 1.07. The company’s 50-day simple moving average is $83.60 and its two-hundred day simple moving average is $79.78.

MetLife Dividend Announcement

The firm 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. This represents a $2.18 annualized dividend and a yield of 2.54%. The ex-dividend date is Tuesday, February 4th. MetLife’s payout ratio is 43.95%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. TD Cowen boosted their target price on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Piper Sandler increased their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, MetLife presently has an average rating of “Moderate Buy” and a consensus price target 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.