Impact Partnership Wealth LLC Buys 6,919 Shares of MetLife, Inc. (NYSE:MET)

Impact Partnership Wealth LLC lifted its stake in shares of MetLife, Inc. (NYSE:MET - Free Report) by 67.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,168 shares of the financial services provider's stock after acquiring an additional 6,919 shares during the quarter. Impact Partnership Wealth LLC's holdings in MetLife were worth $1,406,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. PFG Investments LLC boosted its stake in MetLife by 8.9% during the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider's stock valued at $525,000 after purchasing an additional 520 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in MetLife during the 3rd quarter valued at approximately $2,960,000. Segall Bryant & Hamill LLC bought a new stake in MetLife during the 3rd quarter valued at approximately $1,074,000. Meeder Asset Management Inc. boosted its stake in MetLife by 48,101.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider's stock valued at $8,746,000 after purchasing an additional 105,823 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in MetLife by 5.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 285,514 shares of the financial services provider's stock valued at $23,549,000 after purchasing an additional 15,251 shares during the period. Institutional investors own 94.99% of the company's stock.

MetLife Trading Down 0.9 %

MET traded down $0.80 during mid-day trading on Friday, reaching $85.96. The stock had a trading volume of 3,604,981 shares, compared to its average volume of 3,542,993. The stock has a market capitalization of $59.52 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The firm's fifty day simple moving average is $83.76 and its two-hundred day simple moving average is $79.87. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05.

MetLife Dividend Announcement

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 given a $0.545 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.54%. MetLife's payout ratio is 43.95%.

Wall Street Analyst Weigh In

MET has been the subject of several recent research reports. StockNews.com cut MetLife from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Jefferies Financial Group upped their price target on MetLife from $89.00 to $95.00 and gave the company a "buy" rating in a report on Friday, September 27th. Barclays upped their price target on MetLife from $90.00 to $96.00 and gave the company 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 stock an "overweight" rating in a report on Tuesday, January 7th. Finally, BMO Capital Markets began coverage on MetLife in a report on Thursday. They issued a "market perform" rating and a $97.00 target price for the company. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.