MetLife, Inc. (NYSE:MET) Shares Acquired by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC raised its position in MetLife, Inc. (NYSE:MET) by 34.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,528 shares of the financial services provider’s stock after purchasing an additional 3,233 shares during the period. Baker Tilly Wealth Management LLC’s holdings in MetLife were worth $1,026,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC lifted its stake 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 valued at $26,000 after buying an additional 220 shares during the period. Carmichael Hill & Associates Inc. raised its holdings in MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 186 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of MetLife by 374.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 277 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of MetLife during the third quarter worth $30,000. Finally, Fortitude Family Office LLC grew its position in shares of MetLife by 177.3% in the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 266 shares during the period. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Stock Down 2.6 %

MET traded down $2.13 on Friday, reaching $80.69. The company’s stock had a trading volume of 673,066 shares, compared to its average volume of 2,556,002. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05. The business’s 50 day moving average is $82.94 and its 200 day moving average is $78.87. 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 stock has a market cap of $55.87 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 0.76 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. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is currently 43.95%.

Analyst Ratings Changes

A number of analysts have issued reports on MET shares. JPMorgan Chase & Co. raised their price target on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday. StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company lifted their price target on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. TD Cowen upped their price objective on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group lifted their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, MetLife presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

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.