Donoghue Forlines LLC Makes New Investment in MetLife, Inc. (NYSE:MET)

Donoghue Forlines LLC acquired a new stake in shares of MetLife, Inc. (NYSE:MET - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,094 shares of the financial services provider's stock, valued at approximately $1,563,000.

Other hedge funds have also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC lifted its holdings in MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider's stock worth $26,000 after acquiring an additional 220 shares during the period. Carmichael Hill & Associates Inc. raised its position in shares of MetLife by 131.9% in the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 186 shares during the period. Wolff Wiese Magana LLC lifted its position 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 acquiring an additional 277 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in MetLife during the 3rd quarter worth about $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of MetLife in the fourth quarter valued at approximately $32,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

MetLife Trading Up 1.2 %

Shares of NYSE:MET traded up $1.06 during midday trading on Thursday, hitting $86.82. 3,399,772 shares of the stock traded hands, compared to its average volume of 3,541,914. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The business's 50 day moving average is $83.68 and its two-hundred day moving average is $79.82. The stock has a market capitalization of $60.11 billion, a PE ratio of 17.50, a P/E/G ratio of 0.66 and a beta of 1.07. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05.

MetLife Announces Dividend

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

Analyst Ratings Changes

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

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.