Wealthcare Advisory Partners LLC Lowers Stock Holdings in MetLife, Inc. (NYSE:MET)

Wealthcare Advisory Partners LLC lessened its holdings in MetLife, Inc. (NYSE:MET) by 33.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,920 shares of the financial services provider’s stock after selling 3,001 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in MetLife were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MET. Zurich Insurance Group Ltd FI acquired a new position in MetLife during the third quarter worth $91,771,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of MetLife by 79.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock worth $142,378,000 after purchasing an additional 762,291 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of MetLife by 256.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock valued at $78,209,000 after acquiring an additional 682,333 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of MetLife by 16.8% in the 4th quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock valued at $347,735,000 after purchasing an additional 608,224 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in MetLife by 347.4% during the second quarter. Public Sector Pension Investment Board now owns 432,887 shares of the financial services provider’s stock worth $30,384,000 after acquiring an additional 336,127 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MET shares. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Piper Sandler raised their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upped their target price 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. Wells Fargo & Company dropped their target price on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, Barclays raised their target price on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.92.

MetLife Trading Up 1.1 %

Shares of NYSE:MET opened at $86.83 on Tuesday. MetLife, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05. The company has a 50 day moving average price of $83.41 and a 200 day moving average price of $79.54. The stock has a market capitalization of $60.12 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.59 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 Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.51%. MetLife’s dividend payout ratio is currently 43.95%.

MetLife 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.