Silver Lake Advisory LLC Sells 2,713 Shares of MetLife, Inc. (NYSE:MET)

Silver Lake Advisory LLC decreased its position in shares of MetLife, Inc. (NYSE:MET) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,172 shares of the financial services provider’s stock after selling 2,713 shares during the quarter. MetLife accounts for approximately 2.7% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 8th largest position. Silver Lake Advisory LLC’s holdings in MetLife were worth $6,073,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. raised its holdings in shares of MetLife by 4.7% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 16,869 shares of the financial services provider’s stock worth $1,381,000 after buying an additional 750 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of MetLife by 9.0% in the 4th quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 351 shares in the last quarter. Sustainable Insight Capital Management LLC grew its holdings in shares of MetLife by 55.7% during the 4th quarter. Sustainable Insight Capital Management LLC now owns 17,128 shares of the financial services provider’s stock valued at $1,402,000 after purchasing an additional 6,128 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in MetLife by 7.2% in the 4th quarter. Red Door Wealth Management LLC now owns 2,965 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 200 shares during the last quarter. Finally, Donoghue Forlines LLC acquired a new stake in MetLife in the fourth quarter valued at approximately $1,563,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

MetLife Stock Performance

Shares of MET stock opened at $86.82 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05. The firm has a 50 day moving average of $83.68 and a 200-day moving average of $79.82. The company has a market cap of $60.11 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.51%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

Analyst Ratings Changes

MET has been the topic of a number of research reports. TD Cowen boosted their price objective on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Wells Fargo & Company dropped their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Piper Sandler increased their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, MetLife currently has an average rating of “Moderate Buy” and an average price target of $90.46.

MetLife 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.