Atomi Financial Group Inc. Purchases 548 Shares of MetLife, Inc. (NYSE:MET)

Atomi Financial Group Inc. grew its position in MetLife, Inc. (NYSE:MET) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,638 shares of the financial services provider’s stock after acquiring an additional 548 shares during the period. Atomi Financial Group Inc.’s holdings in MetLife were worth $544,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Chesley Taft & Associates LLC raised its stake in shares of MetLife by 1.2% in the fourth 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 last quarter. Ballentine Partners LLC increased its holdings in shares of MetLife by 12.3% in the fourth quarter. Ballentine Partners LLC now owns 10,758 shares of the financial services provider’s stock valued at $881,000 after purchasing an additional 1,179 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of MetLife by 5.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,992 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 163 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of MetLife by 11.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,605 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 263 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of MetLife by 3.1% in the fourth quarter. UMB Bank n.a. now owns 6,967 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 211 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

MET has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Jefferies Financial Group raised their price target on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. BMO Capital Markets started coverage on shares of MetLife in a report on Thursday. They set a “market perform” rating and a $97.00 target price for the company. Finally, 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. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.46.

MetLife Price Performance

MET 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 12 month low of $64.61 and a 12 month high of $89.05. The company has a fifty day simple moving average of $83.68 and a 200 day simple moving average of $79.82. The stock has a market cap of $60.11 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.66 and a beta of 1.07.

MetLife Dividend Announcement

The company 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 $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio is currently 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.