MetLife, Inc. (NYSE:MET) Stock Position Lowered by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. reduced its position in shares of MetLife, Inc. (NYSE:MET) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,797 shares of the financial services provider’s stock after selling 408 shares during the quarter. Raleigh Capital Management Inc.’s holdings in MetLife were worth $802,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. PFG Investments LLC raised its position in MetLife by 8.9% during the third quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock valued at $525,000 after buying an additional 520 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of MetLife in the 3rd quarter valued at about $2,960,000. Segall Bryant & Hamill LLC purchased a new stake in shares of MetLife in the third quarter worth approximately $1,074,000. Meeder Asset Management Inc. boosted its holdings in shares of MetLife by 48,101.4% during the third quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock worth $8,746,000 after purchasing an additional 105,823 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in MetLife by 5.6% in 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 buying an additional 15,251 shares during the period. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

MET has been the topic of several research analyst reports. Piper Sandler boosted their price target on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upped their target price on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Barclays raised their price objective 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. Finally, Wells Fargo & Company decreased their target price on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, MetLife has a consensus rating of “Moderate Buy” and a consensus target price of $90.46.

MetLife Trading Down 1.3 %

MetLife stock opened at $85.78 on Thursday. The business’s 50-day simple moving average is $83.68 and its 200-day simple moving average is $79.82. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05. The firm has a market capitalization of $59.39 billion, a PE ratio of 17.29, a PEG ratio of 0.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.54%. MetLife’s dividend payout ratio is 43.95%.

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.