5,454 Shares in MetLife, Inc. (NYSE:MET) Acquired by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC acquired a new position in shares of MetLife, Inc. (NYSE:MET - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 5,454 shares of the financial services provider's stock, valued at approximately $447,000.

Other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new stake in shares of MetLife during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new position in MetLife during the fourth quarter worth about $32,000. Sierra Ocean LLC purchased a new position in MetLife in the fourth quarter valued at about $32,000. Graney & King LLC acquired a new stake in shares of MetLife during the 4th quarter valued at approximately $34,000. Finally, Values First Advisors Inc. purchased a new stake in shares of MetLife during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 94.99% of the company's stock.

MetLife Stock Performance

NYSE:MET traded up $1.17 during trading hours on Wednesday, reaching $74.26. 3,673,883 shares of the stock were exchanged, compared to its average volume of 3,417,594. 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 stock has a market capitalization of $50.59 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.65 and a beta of 0.89. MetLife, Inc. has a 52 week low of $65.21 and a 52 week high of $89.05. The firm has a 50 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 analysts' consensus estimates of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. As a group, sell-side analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.5675 per share. This is an increase 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 payout ratio is 36.52%.

Analyst Ratings Changes

MET has been the subject of several research reports. Cowen reaffirmed a "buy" rating on shares of MetLife in a research note on Friday, March 7th. Barclays reduced their price objective on MetLife from $95.00 to $88.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. BMO Capital Markets initiated coverage on MetLife in a report on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 price target for the company. Morgan Stanley dropped their target price on MetLife from $109.00 to $94.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Piper Sandler lifted their price target on MetLife from $92.00 to $94.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, MetLife presently has an average rating of "Moderate Buy" and a consensus target price of $92.46.

MetLife 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.