MetLife, Inc. (NYSE:MET) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC cut its stake in MetLife, Inc. (NYSE:MET) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,863 shares of the financial services provider’s stock after selling 137 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in MetLife were worth $811,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in MetLife by 26.7% in the 4th quarter. Blue Trust Inc. now owns 9,910 shares of the financial services provider’s stock valued at $817,000 after purchasing an additional 2,088 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of MetLife during the 4th quarter valued at approximately $259,000. PFG Investments LLC lifted its holdings in MetLife by 19.8% in the fourth quarter. PFG Investments LLC now owns 7,621 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 1,261 shares during the last quarter. Stablepoint Partners LLC grew its position in MetLife by 0.4% in the fourth quarter. Stablepoint Partners LLC now owns 57,317 shares of the financial services provider’s stock worth $4,693,000 after acquiring an additional 247 shares during the period. Finally, Precedent Wealth Partners LLC increased its stake in MetLife by 1.8% during the fourth quarter. Precedent Wealth Partners LLC now owns 17,126 shares of the financial services provider’s stock worth $1,402,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of research analyst reports. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. BMO Capital Markets began coverage on shares of MetLife in a research report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target for the company. Piper Sandler upped their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price target on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and an average price target of $90.46.

MetLife Stock Up 1.1 %

MET stock opened at $86.97 on Tuesday. The company’s 50 day moving average price is $83.81 and its 200 day moving average price is $80.11. The firm has a market capitalization of $60.22 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.65 and a beta of 1.07. MetLife, Inc. has a fifty-two week low of $64.61 and a fifty-two week 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.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be issued a $0.545 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. MetLife’s payout ratio is 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.