Tallon Kerry Patrick Invests $260,000 in MetLife, Inc. (NYSE:MET)

Tallon Kerry Patrick bought a new position in MetLife, Inc. (NYSE:MET) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 3,184 shares of the financial services provider’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Investments LLC boosted its holdings in shares of MetLife by 8.9% in the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 520 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MetLife during the 3rd quarter valued at $2,960,000. Segall Bryant & Hamill LLC purchased a new position in MetLife during the 3rd quarter valued at $1,074,000. Meeder Asset Management Inc. boosted its holdings 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 acquiring an additional 105,823 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings 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 acquiring an additional 15,251 shares during the period. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MET. Wells Fargo & Company dropped their price objective on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday. 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. TD Cowen boosted their price objective on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Piper Sandler lifted their target price on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.92.

MetLife Trading Up 1.1 %

MET opened at $85.90 on Friday. The firm has a market cap of $59.48 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.59 and a beta of 1.07. 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, Inc. has a 12 month low of $64.61 and a 12 month high of $89.05. The stock has a fifty day moving average price of $83.19 and a 200-day moving average price of $79.24.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is 43.95%.

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.