Foster Victor Wealth Advisors LLC Acquires 4,074 Shares of MetLife, Inc. (NYSE:MET)

Foster Victor Wealth Advisors LLC increased its holdings in shares of MetLife, Inc. (NYSE:MET) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,515 shares of the financial services provider’s stock after acquiring an additional 4,074 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in MetLife were worth $14,190,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MET. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of MetLife by 1.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,548,725 shares of the financial services provider’s stock worth $375,179,000 after buying an additional 68,579 shares during the last quarter. Nordea Investment Management AB boosted its stake in MetLife by 16.8% in the fourth quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock valued at $347,735,000 after acquiring an additional 608,224 shares during the last quarter. Stifel Financial Corp grew its position in shares of MetLife by 5.0% during the 3rd quarter. Stifel Financial Corp now owns 2,239,841 shares of the financial services provider’s stock valued at $184,744,000 after acquiring an additional 105,762 shares during the period. FMR LLC increased its stake in shares of MetLife by 5.4% during the 3rd quarter. FMR LLC now owns 2,209,119 shares of the financial services provider’s stock worth $182,208,000 after purchasing an additional 112,491 shares during the last quarter. Finally, Swedbank AB raised its holdings in shares of MetLife by 5.3% in the 3rd quarter. Swedbank AB now owns 1,970,163 shares of the financial services provider’s stock worth $162,499,000 after purchasing an additional 99,328 shares during the period. Institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MET. TD Cowen raised their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Barclays upped their price objective on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Piper Sandler lifted their target price on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, MetLife currently has an average rating of “Moderate Buy” and an average target price of $90.46.

MetLife Trading Down 1.4 %

MetLife stock opened at $85.73 on Wednesday. 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, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $89.05. The stock has a market cap of $59.36 billion, a P/E ratio of 17.28, a PEG ratio of 0.65 and a beta of 1.07. The firm’s fifty day moving average price is $83.95 and its 200-day moving average price is $80.30.

MetLife Dividend Announcement

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