Sound Income Strategies LLC Sells 150 Shares of MetLife, Inc. (NYSE:MET)

Sound Income Strategies LLC lessened its stake in shares of MetLife, Inc. (NYSE:MET) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 562 shares of the financial services provider’s stock after selling 150 shares during the quarter. Sound Income Strategies LLC’s holdings in MetLife were worth $46,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MET. RFG Advisory LLC grew its stake in MetLife by 49.7% in the fourth quarter. RFG Advisory LLC now owns 9,881 shares of the financial services provider’s stock valued at $809,000 after purchasing an additional 3,282 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its position in shares of MetLife by 4.7% in 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 during the last quarter. Brighton Jones LLC raised its stake in shares of MetLife by 9.0% during the 4th quarter. Brighton Jones LLC now owns 4,240 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 351 shares in the last quarter. Sustainable Insight Capital Management LLC lifted its position in MetLife by 55.7% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 17,128 shares of the financial services provider’s stock valued at $1,402,000 after acquiring an additional 6,128 shares during the last quarter. Finally, Red Door Wealth Management LLC boosted its stake in MetLife by 7.2% in the fourth quarter. Red Door Wealth Management LLC now owns 2,965 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 200 shares in the last quarter. 94.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MET has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Piper Sandler increased their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their price target on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. BMO Capital Markets initiated coverage on shares of MetLife in a report on Thursday. They set a “market perform” rating and a $97.00 price objective on the stock. Finally, StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.46.

MetLife Price Performance

Shares of MET opened at $85.96 on Friday. The company has a market capitalization of $59.52 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.65 and a beta of 1.07. The business’s 50-day moving average is $83.81 and its two-hundred day moving average is $79.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $89.05.

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 issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is presently 43.95%.

About MetLife

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.