My Legacy Advisors LLC Sells 296 Shares of MetLife, Inc. (NYSE:MET)

My Legacy Advisors LLC decreased its holdings in MetLife, Inc. (NYSE:MET) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,753 shares of the financial services provider’s stock after selling 296 shares during the period. My Legacy Advisors LLC’s holdings in MetLife were worth $1,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MET. Aaron Wealth Advisors LLC increased its position in shares of MetLife by 9.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,704 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 234 shares during the last quarter. Financial Management Professionals Inc. increased its position in MetLife by 11.3% during the fourth quarter. Financial Management Professionals Inc. now owns 7,770 shares of the financial services provider’s stock valued at $636,000 after acquiring an additional 786 shares during the last quarter. Jackson Square Capital LLC raised its stake in shares of MetLife by 50.8% in the fourth quarter. Jackson Square Capital LLC now owns 12,528 shares of the financial services provider’s stock valued at $1,026,000 after acquiring an additional 4,219 shares during the period. HB Wealth Management LLC lifted its holdings in shares of MetLife by 53.7% in the 4th quarter. HB Wealth Management LLC now owns 20,420 shares of the financial services provider’s stock worth $1,672,000 after acquiring an additional 7,135 shares during the last quarter. Finally, Trust Co. of Vermont grew its holdings in MetLife by 24.4% during the 4th quarter. Trust Co. of Vermont now owns 3,168 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MET has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Piper Sandler boosted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Wells Fargo & Company decreased their target price on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Barclays upped their price target on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, TD Cowen lifted their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.92.

MetLife Stock Up 1.1 %

MetLife stock opened at $86.83 on Friday. MetLife, Inc. has a twelve month low of $64.61 and a twelve month high of $89.05. The business has a fifty day moving average of $83.41 and a two-hundred day moving average of $79.41. The firm has a market cap of $60.12 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.59 and a beta of 1.07. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Tuesday, February 4th. MetLife’s payout ratio is currently 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.