Fifth Third Wealth Advisors LLC Has $914,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

Fifth Third Wealth Advisors LLC grew its stake in MetLife, Inc. (NYSE:MET) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,167 shares of the financial services provider’s stock after buying an additional 1,474 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in MetLife were worth $914,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on MET shares. Piper Sandler lifted their price objective on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Barclays increased their price objective on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group raised their price target on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One investment 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.92.

MetLife Stock Performance

MET opened at $84.99 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05. The business has a 50 day moving average of $83.16 and a 200-day moving average of $79.20. The stock has a market cap of $58.85 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.76 and a beta of 1.07.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio is 43.95%.

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.