Sanibel Captiva Trust Company Inc. Raises Holdings in MetLife, Inc. (NYSE:MET)

Sanibel Captiva Trust Company Inc. lifted its stake in MetLife, Inc. (NYSE:MET) by 55.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,412 shares of the financial services provider’s stock after purchasing an additional 1,927 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in MetLife were worth $443,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. MeadowBrook Investment Advisors LLC lifted its stake in shares of MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after buying an additional 220 shares during the period. Carmichael Hill & Associates Inc. lifted its position in MetLife by 131.9% during the 3rd 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 period. Wolff Wiese Magana LLC grew its stake in MetLife by 374.3% during 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. acquired a new position in shares of MetLife in the third quarter valued at about $30,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of MetLife in the fourth quarter worth about $32,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MET has been the topic of several research reports. Jefferies Financial Group increased their price target on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. TD Cowen raised their target price on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Piper Sandler lifted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their target price on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, MetLife has an average rating of “Moderate Buy” and a consensus price target of $89.92.

MetLife Stock Up 1.1 %

Shares of NYSE MET opened at $86.83 on Monday. The firm has a market cap of $60.12 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 0.59 and a beta of 1.07. The company’s 50-day simple moving average is $83.41 and its 200-day simple moving average is $79.47. MetLife, Inc. has a 52-week low of $64.61 and a 52-week 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.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.51%. The ex-dividend date 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.