MetLife, Inc. (NYSE:MET) Holdings Increased by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in shares of MetLife, Inc. (NYSE:MET - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,774 shares of the financial services provider's stock after buying an additional 3,671 shares during the quarter. NewEdge Advisors LLC's holdings in MetLife were worth $4,321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MET. Retirement Wealth Solutions LLC acquired a new stake in MetLife during the 4th quarter valued at $32,000. Sierra Ocean LLC acquired a new stake in shares of MetLife during the fourth quarter valued at about $32,000. Graney & King LLC purchased a new stake in shares of MetLife during the fourth quarter worth about $34,000. Values First Advisors Inc. acquired a new position in shares of MetLife in the fourth quarter worth about $36,000. Finally, Golden State Wealth Management LLC purchased a new position in MetLife in the fourth quarter valued at about $44,000. 94.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MET. Barclays cut their target price on MetLife from $95.00 to $88.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company reduced their price objective on shares of MetLife from $97.00 to $91.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. BMO Capital Markets started coverage on shares of MetLife in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 target price for the company. Piper Sandler lifted their price target on MetLife from $92.00 to $94.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on MetLife from $98.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $92.46.

MetLife Stock Performance

NYSE MET traded up $1.17 during trading hours on Wednesday, hitting $74.26. The company had a trading volume of 3,673,883 shares, compared to its average volume of 3,412,369. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54. The firm has a market cap of $50.59 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 0.65 and a beta of 0.89. MetLife, Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $89.05. The business has a fifty day simple moving average of $78.76 and a 200-day simple moving average of $81.97.

MetLife (NYSE:MET - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. Equities analysts predict that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 6th will be given a $0.5675 dividend. This is a boost from MetLife's previous quarterly dividend of $0.55. This represents a $2.27 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, May 6th. MetLife's dividend payout ratio (DPR) is currently 36.52%.

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.