Dynamic Advisor Solutions LLC Sells 2,779 Shares of MetLife, Inc. (NYSE:MET)

Dynamic Advisor Solutions LLC trimmed its holdings in shares of MetLife, Inc. (NYSE:MET) by 46.9% during the 4th quarter, Holdings Channel reports. The fund owned 3,151 shares of the financial services provider’s stock after selling 2,779 shares during the period. Dynamic Advisor Solutions LLC’s holdings in MetLife were worth $258,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MET. Scientech Research LLC acquired a new stake in MetLife during the 2nd quarter worth about $264,000. Creative Planning lifted its position in MetLife by 3.1% during the second quarter. Creative Planning now owns 127,003 shares of the financial services provider’s stock worth $8,914,000 after buying an additional 3,865 shares in the last quarter. NewEdge Advisors LLC raised its stake in MetLife by 1.6% during the second quarter. NewEdge Advisors LLC now owns 47,203 shares of the financial services provider’s stock worth $3,313,000 after purchasing an additional 737 shares during the period. Quarry LP raised its holdings in MetLife by 155.3% in the 2nd quarter. Quarry LP now owns 2,088 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,270 shares during the period. Finally, Truist Financial Corp raised its position in MetLife by 13.2% in the second quarter. Truist Financial Corp now owns 1,938,609 shares of the financial services provider’s stock valued at $136,071,000 after purchasing an additional 226,784 shares during the period. 94.99% of the stock is owned by hedge funds and other institutional investors.

MetLife Stock Down 1.4 %

MET opened at $85.73 on Wednesday. The stock has a market capitalization of $59.36 billion, a price-to-earnings ratio of 17.28, a P/E/G 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. The business has a 50 day moving average of $83.88 and a 200-day moving average of $80.22. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51.

MetLife Announces Dividend

The company also recently announced 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. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MET shares. Barclays upped their price target on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. TD Cowen lifted their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Piper Sandler raised their price objective on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their target price on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.