Daymark Wealth Partners LLC Has $417,000 Position in MetLife, Inc. (NYSE:MET)

Daymark Wealth Partners LLC boosted its holdings in MetLife, Inc. (NYSE:MET) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 5,091 shares of the financial services provider’s stock after purchasing an additional 149 shares during the quarter. Daymark Wealth Partners LLC’s holdings in MetLife were worth $417,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC acquired a new position in shares of MetLife during the 4th quarter worth about $50,000. Nisa Investment Advisors LLC increased its stake in shares of MetLife by 0.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 205,916 shares of the financial services provider’s stock worth $16,860,000 after purchasing an additional 631 shares during the period. Simon Quick Advisors LLC lifted its holdings in shares of MetLife by 13.0% during the fourth quarter. Simon Quick Advisors LLC now owns 4,194 shares of the financial services provider’s stock worth $343,000 after buying an additional 483 shares in the last quarter. Atomi Financial Group Inc. raised its stake in MetLife by 9.0% in the 4th quarter. Atomi Financial Group Inc. now owns 6,638 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 548 shares in the last quarter. Finally, Chesley Taft & Associates LLC raised its position in shares of MetLife by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 17,848 shares of the financial services provider’s stock valued at $1,461,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Trading Up 1.2 %

Shares of MetLife stock opened at $86.82 on Friday. The stock has a fifty day simple moving average of $83.68 and a 200 day simple moving average of $79.82. The company has a market capitalization of $60.11 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 0.66 and a beta of 1.07. The company has a current ratio of 0.16, a quick 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.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.545 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.51%. MetLife’s dividend payout ratio (DPR) is 43.95%.

Analyst Ratings Changes

A number of analysts have recently weighed in on MET shares. Wells Fargo & Company cut their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted 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. Piper Sandler boosted their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, TD Cowen increased their price target on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.46.

About MetLife

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.