HB Wealth Management LLC Raises Stake in MetLife, Inc. (NYSE:MET)

HB Wealth Management LLC grew its holdings in MetLife, Inc. (NYSE:MET - Free Report) by 53.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,420 shares of the financial services provider's stock after purchasing an additional 7,135 shares during the period. HB Wealth Management LLC's holdings in MetLife were worth $1,672,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MET. Intech Investment Management LLC boosted its position in MetLife by 21.4% in the second quarter. Intech Investment Management LLC now owns 39,269 shares of the financial services provider's stock valued at $2,756,000 after buying an additional 6,930 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of MetLife by 2.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 11,297 shares of the financial services provider's stock valued at $793,000 after acquiring an additional 220 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of MetLife by 20.4% during the 2nd quarter. AE Wealth Management LLC now owns 43,588 shares of the financial services provider's stock valued at $3,059,000 after acquiring an additional 7,383 shares in the last quarter. Sei Investments Co. grew its position in MetLife by 20.3% during the 2nd quarter. Sei Investments Co. now owns 411,610 shares of the financial services provider's stock worth $28,888,000 after acquiring an additional 69,553 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in MetLife by 68.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 12,016 shares of the financial services provider's stock worth $843,000 after purchasing an additional 4,889 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company's stock.

MetLife Stock Up 0.1 %

Shares of MET traded up $0.10 during trading hours on Tuesday, reaching $86.88. 3,107,324 shares of the stock traded hands, compared to its average volume of 3,546,460. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05. The company has a market cap of $60.16 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.64 and a beta of 1.07. The stock has a fifty day simple moving average of $83.51 and a 200 day simple moving average of $79.66. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.51%. MetLife's dividend payout ratio is currently 43.95%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MET. Jefferies Financial Group lifted 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. JPMorgan Chase & Co. lifted their target price on shares of MetLife from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Barclays boosted their price objective on MetLife from $90.00 to $96.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Piper Sandler lifted their price target on shares of MetLife from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Finally, TD Cowen boosted their price target on shares of MetLife from $97.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, MetLife currently has an average rating of "Moderate Buy" and an average target price of $89.92.

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.