Arthur M. Cohen & Associates LLC Has $256,000 Position in MetLife, Inc. (NYSE:MET)

Arthur M. Cohen & Associates LLC lifted its stake in shares of MetLife, Inc. (NYSE:MET) by 17.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,129 shares of the financial services provider’s stock after buying an additional 470 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in MetLife were worth $256,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC boosted its holdings in shares of MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 220 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 186 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 277 shares during the period. Peterson Financial Group Inc. acquired a new position in MetLife in the 3rd quarter valued at $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in MetLife during the 4th quarter worth $32,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Trading Up 1.1 %

Shares of MetLife stock opened at $86.83 on Friday. The firm has a market capitalization of $60.12 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.59 and a beta of 1.07. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $83.29 and its 200 day moving average is $79.29. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders 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 dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is 43.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MET shares. Jefferies Financial Group boosted their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays raised their target price on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Wells Fargo & Company lowered their price objective on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Piper Sandler upped their target price on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.92.

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.