Silver Lake Advisory LLC Sells 2,713 Shares of MetLife, Inc. (NYSE:MET)

Silver Lake Advisory LLC lessened its holdings in shares of MetLife, Inc. (NYSE:MET) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 74,172 shares of the financial services provider’s stock after selling 2,713 shares during the period. MetLife comprises 2.7% of Silver Lake Advisory LLC’s holdings, making the stock its 8th largest position. Silver Lake Advisory LLC’s holdings in MetLife were worth $6,073,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MET. Zurich Insurance Group Ltd FI bought a new stake in MetLife during the 3rd quarter worth approximately $91,771,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in MetLife by 79.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock valued at $142,378,000 after buying an additional 762,291 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in MetLife by 256.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock valued at $78,209,000 after acquiring an additional 682,333 shares in the last quarter. Nordea Investment Management AB boosted its holdings in MetLife by 16.8% during the 4th quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock worth $347,735,000 after acquiring an additional 608,224 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of MetLife by 107.5% in the 4th quarter. SG Americas Securities LLC now owns 30,542 shares of the financial services provider’s stock worth $2,501,000 after acquiring an additional 435,807 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MET. Piper Sandler boosted their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Barclays boosted their target price on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. TD Cowen increased their price target on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price objective on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group lifted their target price on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.46.

MetLife Stock Up 1.2 %

MET opened at $86.82 on Friday. The company has a 50 day moving average of $83.68 and a 200 day moving average of $79.82. 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. The company has a market cap of $60.11 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. MetLife’s payout ratio is 43.95%.

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.