Nilsine Partners LLC Purchases 1,969 Shares of MetLife, Inc. (NYSE:MET)

Nilsine Partners LLC boosted its position in MetLife, Inc. (NYSE:MET) by 47.2% during the fourth quarter, HoldingsChannel reports. The fund owned 6,137 shares of the financial services provider’s stock after buying an additional 1,969 shares during the quarter. Nilsine Partners LLC’s holdings in MetLife were worth $502,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Scientech Research LLC bought a new position in MetLife in the 2nd quarter worth approximately $264,000. Creative Planning boosted its holdings in shares of MetLife by 3.1% in the second quarter. Creative Planning now owns 127,003 shares of the financial services provider’s stock worth $8,914,000 after acquiring an additional 3,865 shares during the period. NewEdge Advisors LLC grew its position in shares of MetLife by 1.6% in the second quarter. NewEdge Advisors LLC now owns 47,203 shares of the financial services provider’s stock valued at $3,313,000 after purchasing an additional 737 shares in the last quarter. Quarry LP raised its stake in shares of MetLife by 155.3% during the 2nd quarter. Quarry LP now owns 2,088 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 1,270 shares during the period. Finally, Truist Financial Corp lifted its holdings in MetLife by 13.2% during the 2nd quarter. Truist Financial Corp now owns 1,938,609 shares of the financial services provider’s stock worth $136,071,000 after purchasing an additional 226,784 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MET. JPMorgan Chase & Co. upped their price target on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Piper Sandler upped their target price on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. BMO Capital Markets started coverage on shares of MetLife in a report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price target on the stock. Finally, Barclays lifted their price objective on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.46.

MetLife Trading Down 1.4 %

Shares of MET stock opened at $85.73 on Wednesday. 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 firm has a market cap of $59.36 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. The business has a 50-day moving average price of $83.88 and a two-hundred day moving average price of $80.22. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05.

MetLife Dividend Announcement

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

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.