GAMMA Investing LLC Raises Holdings in MetLife, Inc. (NYSE:MET)

GAMMA Investing LLC increased its position in MetLife, Inc. (NYSE:MET) by 25.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,178 shares of the financial services provider’s stock after purchasing an additional 1,855 shares during the period. GAMMA Investing LLC’s holdings in MetLife were worth $751,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC lifted its stake in MetLife by 244.4% in 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 last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of 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 period. Wolff Wiese Magana LLC raised its position 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 last quarter. Peterson Financial Group Inc. acquired a new stake in MetLife during the 3rd quarter worth $30,000. Finally, Fortitude Family Office LLC grew its position in MetLife by 177.3% during the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 266 shares during the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on MET. TD Cowen upped their target price on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays decreased their price objective on MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Piper Sandler boosted their target price on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com raised MetLife from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Fourteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $88.62.

MetLife Stock Performance

MET opened at $82.21 on Friday. MetLife, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05. The stock has a market cap of $56.92 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.76 and a beta of 1.06. The stock’s 50 day simple moving average is $82.89 and its 200 day simple moving average is $78.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Tuesday, November 5th. MetLife’s dividend payout ratio is currently 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.