Burns J W & Co. Inc. NY Sells 625 Shares of MetLife, Inc. (NYSE:MET)

Burns J W & Co. Inc. NY lessened its position in shares of MetLife, Inc. (NYSE:MET) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,505 shares of the financial services provider’s stock after selling 625 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in MetLife were worth $942,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of MetLife by 16.7% in the 2nd quarter. American Century Companies Inc. now owns 1,028,848 shares of the financial services provider’s stock valued at $72,215,000 after purchasing an additional 146,940 shares during the last quarter. BOKF NA raised its holdings in shares of MetLife by 117.8% in the second quarter. BOKF NA now owns 7,389 shares of the financial services provider’s stock worth $519,000 after buying an additional 3,997 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of MetLife by 3.4% during the second quarter. Oppenheimer & Co. Inc. now owns 28,616 shares of the financial services provider’s stock worth $2,009,000 after buying an additional 954 shares during the period. Federated Hermes Inc. grew its holdings in shares of MetLife by 2.4% during the second quarter. Federated Hermes Inc. now owns 115,224 shares of the financial services provider’s stock valued at $8,088,000 after buying an additional 2,749 shares during the last quarter. Finally, Condor Capital Management acquired a new position in shares of MetLife in the 2nd quarter valued at $219,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MET. JPMorgan Chase & Co. boosted their price target on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Jefferies Financial Group upped their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company lifted their price objective on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. TD Cowen increased their price objective on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Barclays upped their price target on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, MetLife presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

MetLife Price Performance

Shares of MetLife stock traded up $1.69 on Monday, hitting $81.94. The company’s stock had a trading volume of 3,510,040 shares, compared to its average volume of 3,157,733. The company has a market capitalization of $56.74 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. MetLife, Inc. has a 1 year low of $64.61 and a 1 year 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. The firm has a fifty day moving average price of $82.97 and a 200-day moving average price of $79.03.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is presently 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.