MetLife, Inc. (NYSE:MET) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management increased its position in shares of MetLife, Inc. (NYSE:MET) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,504 shares of the financial services provider’s stock after acquiring an additional 889 shares during the period. Brookstone Capital Management’s holdings in MetLife were worth $533,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Aprio Wealth Management LLC grew its position in shares of MetLife by 19.5% in the 4th quarter. Aprio Wealth Management LLC now owns 4,223 shares of the financial services provider’s stock valued at $346,000 after buying an additional 689 shares during the last quarter. Czech National Bank increased its holdings in shares of MetLife by 5.2% in the 4th quarter. Czech National Bank now owns 126,110 shares of the financial services provider’s stock valued at $10,326,000 after purchasing an additional 6,273 shares in the last quarter. West Oak Capital LLC grew its holdings in shares of MetLife by 5,985.2% in the 4th quarter. West Oak Capital LLC now owns 19,777 shares of the financial services provider’s stock worth $1,619,000 after acquiring an additional 19,452 shares during the period. Graypoint LLC raised its stake in shares of MetLife by 5.7% during the 4th quarter. Graypoint LLC now owns 4,834 shares of the financial services provider’s stock worth $396,000 after buying an additional 259 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of MetLife in the fourth quarter valued at approximately $75,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MET shares. Piper Sandler raised their target price on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. TD Cowen upped their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lowered their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Jefferies Financial Group raised their target price on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.92.

MetLife Price Performance

Shares of MET opened at $86.83 on Friday. 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, Inc. has a twelve month low of $64.61 and a twelve month high of $89.05. The company has a 50 day moving average of $83.29 and a 200-day moving average of $79.29. The stock has a market capitalization 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.

MetLife Dividend Announcement

The business also recently declared 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 annualized dividend 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.