MetLife, Inc. (NYSE:MET) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH cut its holdings in shares of MetLife, Inc. (NYSE:MET) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,515 shares of the financial services provider’s stock after selling 174 shares during the period. Trust Co. of Toledo NA OH’s holdings in MetLife were worth $2,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MET. Aprio Wealth Management LLC boosted its stake in shares of MetLife by 19.5% in the fourth quarter. Aprio Wealth Management LLC now owns 4,223 shares of the financial services provider’s stock worth $346,000 after buying an additional 689 shares during the last quarter. Czech National Bank lifted its holdings in MetLife by 5.2% in the fourth quarter. Czech National Bank now owns 126,110 shares of the financial services provider’s stock valued at $10,326,000 after acquiring an additional 6,273 shares during the period. West Oak Capital LLC grew its stake in shares of MetLife by 5,985.2% during the 4th quarter. West Oak Capital LLC now owns 19,777 shares of the financial services provider’s stock worth $1,619,000 after purchasing an additional 19,452 shares during the period. Graypoint LLC increased its holdings in shares of MetLife by 5.7% during the 4th quarter. Graypoint LLC now owns 4,834 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 259 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of MetLife in the 4th quarter valued at $75,000. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Trading Up 1.3 %

MetLife stock traded up $1.06 during trading on Monday, reaching $81.31. 446,100 shares of the company were exchanged, compared to its average volume of 2,704,011. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The stock’s 50 day simple moving average is $82.97 and its two-hundred day simple moving average is $79.03. The company has a market capitalization of $56.30 billion, a P/E ratio of 16.39, a PEG ratio of 0.76 and a beta of 1.07. 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. Investors of record on Tuesday, February 4th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio is currently 43.95%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays raised their price target on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company raised their target price on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Piper Sandler upped their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price objective on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group increased their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

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.