RFG Advisory LLC Has $809,000 Stock Position in MetLife, Inc. (NYSE:MET)

RFG Advisory LLC increased its holdings in shares of MetLife, Inc. (NYSE:MET) by 49.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,881 shares of the financial services provider’s stock after purchasing an additional 3,282 shares during the quarter. RFG Advisory LLC’s holdings in MetLife were worth $809,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC raised 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 valued at $26,000 after purchasing an additional 220 shares during the period. Carmichael Hill & Associates Inc. increased its holdings in shares of 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 acquiring an additional 186 shares during the last quarter. Wolff Wiese Magana LLC raised 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 acquiring an additional 277 shares during the period. Peterson Financial Group Inc. acquired a new stake in MetLife during the 3rd quarter valued at $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in MetLife during the fourth quarter worth $32,000. Institutional investors own 94.99% of the company’s stock.

MetLife Stock Down 0.9 %

Shares of MET opened at $85.96 on Monday. The firm has a 50 day simple moving average of $83.81 and a two-hundred day simple moving average of $80.05. 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, Inc. has a one year low of $64.61 and a one year high of $89.05. The company has a market cap of $59.52 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.65 and a beta of 1.07.

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 given a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.54%. MetLife’s dividend payout ratio is currently 43.95%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MET shares. Piper Sandler lifted their target price on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. BMO Capital Markets assumed coverage on MetLife in a research note on Thursday. They set a “market perform” rating and a $97.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. TD Cowen lifted their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.46.

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.