MetLife, Inc. (NYSE:MET) Shares Purchased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. increased its stake in shares of MetLife, Inc. (NYSE:MET) by 296.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,197 shares of the financial services provider’s stock after purchasing an additional 3,138 shares during the period. ST Germain D J Co. Inc.’s holdings in MetLife were worth $344,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. PFG Investments LLC raised its position in shares of MetLife by 8.9% during 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 last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MetLife in the 3rd quarter valued at $2,960,000. Segall Bryant & Hamill LLC acquired a new position in MetLife in the 3rd quarter valued at $1,074,000. Janus Henderson Group PLC raised its holdings in MetLife by 13.9% in the 3rd quarter. Janus Henderson Group PLC now owns 90,092 shares of the financial services provider’s stock valued at $7,430,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings 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 acquiring an additional 15,251 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.

MetLife Stock Down 3.0 %

Shares of MetLife stock opened at $80.30 on Friday. The company has a fifty day moving average price of $82.97 and a 200 day moving average price of $78.92. 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 twelve month low of $64.61 and a twelve month high of $89.05. The stock has a market cap of $55.60 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.71%. MetLife’s dividend payout ratio is currently 43.95%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays boosted their price target on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Piper Sandler boosted their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday. TD Cowen boosted their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group boosted their price objective on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, MetLife has an average rating of “Moderate Buy” and a consensus price target of $90.00.

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.