Global Retirement Partners LLC Has $517,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

Global Retirement Partners LLC lowered its holdings in MetLife, Inc. (NYSE:MET) by 9.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,311 shares of the financial services provider’s stock after selling 688 shares during the quarter. Global Retirement Partners LLC’s holdings in MetLife were worth $517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MET. Convergence Investment Partners LLC increased its position in shares of MetLife by 4.3% during the fourth quarter. Convergence Investment Partners LLC now owns 28,781 shares of the financial services provider’s stock valued at $2,357,000 after purchasing an additional 1,190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of MetLife during the 4th quarter valued at about $82,000. Kentucky Retirement Systems Insurance Trust Fund increased its stake in MetLife by 127.9% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 39,700 shares of the financial services provider’s stock valued at $3,251,000 after acquiring an additional 22,283 shares during the period. Braun Stacey Associates Inc. raised its position in MetLife by 1.8% in the fourth quarter. Braun Stacey Associates Inc. now owns 133,596 shares of the financial services provider’s stock worth $10,939,000 after purchasing an additional 2,410 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in MetLife by 42.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 25,541 shares of the financial services provider’s stock worth $2,091,000 after purchasing an additional 7,628 shares during the period. Institutional investors own 94.99% of the company’s stock.

MetLife Stock Down 2.1 %

Shares of MET opened at $81.02 on Monday. The business’s fifty day moving average price is $83.41 and its two-hundred day moving average price is $81.53. The firm has a market capitalization of $56.10 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.65 and a beta of 1.07. MetLife, Inc. has a 52 week low of $67.30 and a 52 week high of $89.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. On average, analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued a $0.545 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.69%. MetLife’s dividend payout ratio is currently 36.52%.

Analyst Ratings Changes

MET has been the topic of several analyst reports. BMO Capital Markets began coverage on MetLife in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. TD Cowen upped their target price on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company increased their target price on shares of MetLife from $92.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.58.

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.