Bartlett & CO. Wealth Management LLC Sells 125 Shares of MetLife, Inc. (NYSE:MET)

Bartlett & CO. Wealth Management LLC lessened its holdings in MetLife, Inc. (NYSE:MET) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,084 shares of the financial services provider’s stock after selling 125 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in MetLife were worth $1,399,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MET. MeadowBrook Investment Advisors LLC raised its position in shares of MetLife by 244.4% during the 3rd 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 in the last quarter. Carmichael Hill & Associates Inc. increased its stake in MetLife by 131.9% during the third 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 position in MetLife by 374.3% during the third 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 period. Peterson Financial Group Inc. bought a new stake in shares of MetLife in the 3rd quarter valued at approximately $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of MetLife during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MET. BMO Capital Markets assumed coverage on shares of MetLife in a research note on Thursday. They set a “market perform” rating and a $97.00 price objective for the company. Wells Fargo & Company cut their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. 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. Jefferies Financial Group upped their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays raised their price target on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, MetLife currently has an average rating of “Moderate Buy” and a consensus price target of $90.46.

MetLife Stock Performance

MET stock opened at $86.82 on Friday. 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 1-year low of $64.61 and a 1-year high of $89.05. The business has a 50-day moving average price of $83.68 and a 200 day moving average price of $79.82. The company has a market capitalization of $60.11 billion, a P/E ratio of 17.50, a PEG ratio of 0.66 and a beta of 1.07.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. MetLife’s dividend payout ratio is presently 43.95%.

About MetLife

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.