MetLife, Inc. (NYSE:MET) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its holdings in shares of MetLife, Inc. (NYSE:MET) by 42.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,541 shares of the financial services provider’s stock after acquiring an additional 7,628 shares during the period. Atria Wealth Solutions Inc.’s holdings in MetLife were worth $2,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in 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 worth $26,000 after acquiring an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. increased its position 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 buying an additional 186 shares during the period. Peterson Financial Group Inc. acquired a new position in MetLife during the third quarter worth approximately $30,000. Sierra Ocean LLC acquired a new position in MetLife during the fourth quarter worth approximately $32,000. Finally, Retirement Wealth Solutions LLC acquired a new position in MetLife during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analyst Ratings Changes

MET has been the topic of several research analyst reports. Barclays cut their price target on MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods cut their price target on MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. BMO Capital Markets initiated coverage on MetLife in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 target price on the stock. TD Cowen lifted their target price on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.58.

MetLife Stock Down 2.1 %

MetLife stock opened at $81.02 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The company has a market cap of $56.10 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. The stock’s 50 day moving average price is $83.41 and its 200 day moving average price is $81.44.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. On average, sell-side analysts predict that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Dividend Announcement

The company 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. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.69%. MetLife’s dividend payout ratio is presently 36.52%.

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.