MetLife, Inc. (NYSE:MET) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in MetLife, Inc. (NYSE:MET) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 205,916 shares of the financial services provider’s stock after acquiring an additional 631 shares during the period. Nisa Investment Advisors LLC’s holdings in MetLife were worth $16,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC increased its position in shares of MetLife by 13.0% during the 4th quarter. Simon Quick Advisors LLC now owns 4,194 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 483 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of MetLife by 9.0% during the fourth quarter. Atomi Financial Group Inc. now owns 6,638 shares of the financial services provider’s stock valued at $544,000 after acquiring an additional 548 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in shares of MetLife by 1.2% in the 4th quarter. Chesley Taft & Associates LLC now owns 17,848 shares of the financial services provider’s stock valued at $1,461,000 after acquiring an additional 218 shares during the period. Ballentine Partners LLC lifted its holdings in shares of MetLife by 12.3% in the 4th quarter. Ballentine Partners LLC now owns 10,758 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 1,179 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in shares of MetLife by 5.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,992 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MET. TD Cowen boosted their target price on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Barclays increased their target price on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Piper Sandler increased their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.92.

MetLife Trading Down 1.3 %

Shares of NYSE:MET opened at $85.78 on Thursday. The company has a market cap of $59.39 billion, a PE ratio of 17.29, a P/E/G ratio of 0.66 and a beta of 1.07. The company’s 50 day moving average is $83.60 and its two-hundred day moving average is $79.78. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05. 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 firm 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 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio is presently 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.