MetLife, Inc. (NYSE:MET) Shares Sold by First United Bank & Trust

First United Bank & Trust lowered its holdings in MetLife, Inc. (NYSE:MET) by 12.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,305 shares of the financial services provider’s stock after selling 190 shares during the quarter. First United Bank & Trust’s holdings in MetLife were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Zurich Insurance Group Ltd FI acquired a new stake in MetLife during the 3rd quarter worth about $91,771,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in MetLife by 79.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock worth $142,378,000 after acquiring an additional 762,291 shares during the period. Jacobs Levy Equity Management Inc. raised its position in MetLife by 256.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock valued at $78,209,000 after acquiring an additional 682,333 shares in the last quarter. Nordea Investment Management AB boosted its position in MetLife by 16.8% in the 4th quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock worth $347,735,000 after purchasing an additional 608,224 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in shares of MetLife by 347.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 432,887 shares of the financial services provider’s stock valued at $30,384,000 after purchasing an additional 336,127 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

MetLife Trading Up 1.1 %

MET opened at $86.83 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The company’s 50 day simple moving average is $83.41 and its two-hundred day simple moving average is $79.54. The firm has a market capitalization of $60.12 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07. MetLife, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05.

MetLife Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is currently 43.95%.

Analyst Upgrades and Downgrades

Several analysts recently commented on MET shares. 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 research report on Tuesday, January 7th. Piper Sandler boosted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Barclays increased their price objective on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, Jefferies Financial Group boosted their target price on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, MetLife has a consensus rating of “Moderate Buy” and a consensus price target of $89.92.

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.