MetLife, Inc. (NYSE:MET) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its stake in MetLife, Inc. (NYSE:MET) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,290 shares of the financial services provider’s stock after purchasing an additional 1,922 shares during the period. Park Avenue Securities LLC’s holdings in MetLife were worth $3,053,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. lifted its position 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 valued at $781,000 after acquiring an additional 123 shares during the period. Abacus Planning Group Inc. raised its holdings in MetLife by 1.0% during the third quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock worth $1,015,000 after purchasing an additional 127 shares during the last quarter. First Commonwealth Financial Corp PA boosted its position in MetLife by 0.8% during the third quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider’s stock worth $1,375,000 after purchasing an additional 133 shares in the last quarter. Avestar Capital LLC grew its holdings in MetLife by 3.2% in the third quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 133 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its position in shares of MetLife by 2.0% in the third quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock valued at $576,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

MET has been the topic of several recent research reports. Barclays boosted their price objective on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Jefferies Financial Group raised their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Wells Fargo & Company dropped their price target on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Piper Sandler upped their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, MetLife has a consensus rating of “Moderate Buy” and a consensus target price of $89.92.

MetLife Trading Up 1.1 %

NYSE MET opened at $85.90 on Friday. The company has a market cap of $59.48 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.59 and a beta of 1.07. MetLife, Inc. has a 12 month low of $64.61 and a 12 month high of $89.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The company has a 50-day moving average of $83.19 and a 200-day moving average of $79.24.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio is currently 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.