BSW Wealth Partners Acquires Shares of 2,631 MetLife, Inc. (NYSE:MET)

BSW Wealth Partners purchased a new stake in shares of MetLife, Inc. (NYSE:MET) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,631 shares of the financial services provider’s stock, valued at approximately $215,000.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on MET shares. Piper Sandler boosted their price objective on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen increased their price target on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, BMO Capital Markets assumed coverage on MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target for the company. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.46.

MetLife Stock Performance

MET opened at $86.77 on Thursday. The company has a 50 day simple moving average of $83.95 and a two-hundred day simple moving average of $80.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $60.08 billion, a P/E ratio of 17.49, a PEG ratio of 0.65 and a beta of 1.07. MetLife, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders 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 payout ratio is presently 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.