MetLife, Inc. (NYSE:MET) Holdings Boosted by Red Door Wealth Management LLC

Red Door Wealth Management LLC raised its stake in MetLife, Inc. (NYSE:MET) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,965 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. Red Door Wealth Management LLC’s holdings in MetLife were worth $243,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Great Valley Advisor Group Inc. grew its stake in MetLife by 1.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock worth $781,000 after buying an additional 123 shares during the last quarter. Abacus Planning Group Inc. boosted its holdings in shares of MetLife by 1.0% during the third quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock valued at $1,015,000 after acquiring an additional 127 shares during the period. First Commonwealth Financial Corp PA grew its position in shares of MetLife by 0.8% during the third quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider’s stock worth $1,375,000 after acquiring an additional 133 shares during the last quarter. Avestar Capital LLC grew its position in shares of MetLife by 3.2% during the third quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 133 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in shares of MetLife by 2.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 136 shares during the period. 94.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MET has been the subject of several recent analyst reports. Barclays upped their target price on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. BMO Capital Markets began coverage on MetLife in a report on Thursday. They issued a “market perform” rating and a $97.00 price objective for the company. JPMorgan Chase & Co. raised their target price on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, TD Cowen lifted their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.46.

MetLife Stock Performance

NYSE:MET opened at $85.96 on Friday. The company has a 50-day moving average of $83.76 and a 200-day moving average of $79.87. The firm has a market cap of $59.52 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. 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, Inc. has a twelve month low of $64.61 and a twelve month high of $89.05.

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 given a $0.545 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.54%. MetLife’s dividend payout ratio (DPR) is 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.