Impact Partnership Wealth LLC Acquires 6,919 Shares of MetLife, Inc. (NYSE:MET)

Impact Partnership Wealth LLC grew its position in MetLife, Inc. (NYSE:MET) by 67.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,168 shares of the financial services provider’s stock after purchasing an additional 6,919 shares during the quarter. Impact Partnership Wealth LLC’s holdings in MetLife were worth $1,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC increased its position in MetLife by 8.9% during the 3rd quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock valued at $525,000 after buying an additional 520 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of MetLife during the third quarter valued at about $2,960,000. Segall Bryant & Hamill LLC purchased a new position in shares of MetLife in the 3rd quarter valued at approximately $1,074,000. Meeder Asset Management Inc. boosted its stake in MetLife by 48,101.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock worth $8,746,000 after purchasing an additional 105,823 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of MetLife by 5.6% in the third quarter. Public Employees Retirement System of Ohio now owns 285,514 shares of the financial services provider’s stock worth $23,549,000 after buying an additional 15,251 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MET shares. TD Cowen lifted their price target on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group increased their price target on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays boosted their price objective on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Piper Sandler boosted their price target 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 issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.46.

MetLife Stock Up 1.2 %

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

MetLife Dividend Announcement

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

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.