Tidal Investments LLC Acquires 718 Shares of MetLife, Inc. (NYSE:MET)

Tidal Investments LLC lifted its position in shares of MetLife, Inc. (NYSE:MET) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,282 shares of the financial services provider’s stock after acquiring an additional 718 shares during the quarter. Tidal Investments LLC’s holdings in MetLife were worth $1,590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC raised its holdings in shares of MetLife by 244.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. increased its stake in MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 186 shares during the period. Wolff Wiese Magana LLC increased its stake in MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 277 shares during the period. Peterson Financial Group Inc. purchased a new position in MetLife in the 3rd quarter worth approximately $30,000. Finally, Fortitude Family Office LLC increased its stake in MetLife by 177.3% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 266 shares during the period. Institutional investors own 94.99% of the company’s stock.

MetLife Stock Performance

Shares of MET stock opened at $81.25 on Wednesday. The stock has a market cap of $56.26 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. 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. The business has a 50-day simple moving average of $83.72 and a 200-day simple moving average of $77.57.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.68%. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MET. StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Piper Sandler lifted their price objective on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Barclays cut their price objective on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price target on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, TD Cowen lifted their price target on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $88.62.

About MetLife

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.