Avidian Wealth Enterprises LLC Acquires 367 Shares of MetLife, Inc. (NYSE:MET)

Avidian Wealth Enterprises LLC grew its holdings in MetLife, Inc. (NYSE:MET) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,197 shares of the financial services provider’s stock after purchasing an additional 367 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in MetLife were worth $426,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. United Asset Strategies Inc. raised its stake in shares of MetLife by 1.1% during the 4th quarter. United Asset Strategies Inc. now owns 10,933 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 120 shares in the last quarter. Barrett & Company Inc. raised its stake in shares of MetLife by 1.0% during the 4th quarter. Barrett & Company Inc. now owns 11,942 shares of the financial services provider’s stock worth $978,000 after acquiring an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of MetLife by 1.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock worth $781,000 after acquiring an additional 123 shares in the last quarter. First Commonwealth Financial Corp PA raised its stake in shares of MetLife by 0.8% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider’s stock worth $1,375,000 after acquiring an additional 133 shares in the last quarter. Finally, Avestar Capital LLC raised its stake in shares of MetLife by 3.2% during the 3rd quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MET. Wells Fargo & Company reduced their price objective on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. BMO Capital Markets began coverage on shares of MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target on the stock. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. TD Cowen upped their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods cut their price target on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.17.

MetLife Stock Down 0.4 %

MET stock opened at $82.41 on Friday. The firm’s fifty day simple moving average is $83.54 and its 200-day simple moving average is $81.00. The company has a market capitalization of $57.06 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07. 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 12 month low of $67.30 and a 12 month high of $89.05.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. As a group, equities research analysts forecast that MetLife, Inc. will post 9.63 earnings per share for the current year.

MetLife Dividend Announcement

The company also recently declared 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. This represents a $2.18 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is presently 36.52%.

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.