Dumont & Blake Investment Advisors LLC Has $2.48 Million Stock Position in MetLife, Inc. (NYSE:MET)

Dumont & Blake Investment Advisors LLC reduced its stake in shares of MetLife, Inc. (NYSE:METFree Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,311 shares of the financial services provider’s stock after selling 211 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in MetLife were worth $2,482,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its stake in shares of MetLife by 1.6% in the 2nd quarter. NewEdge Advisors LLC now owns 47,203 shares of the financial services provider’s stock valued at $3,313,000 after purchasing an additional 737 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of MetLife in the second quarter valued at approximately $6,377,000. Heritage Wealth Management Inc. acquired a new stake in shares of MetLife in the second quarter valued at approximately $241,000. Mattson Financial Services LLC acquired a new stake in MetLife in the 2nd quarter valued at $1,193,000. Finally, Abacus Planning Group Inc. increased its position in shares of MetLife by 1.0% in 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 last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen lifted their target price on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Wells Fargo & Company lowered their price objective on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, BMO Capital Markets assumed coverage on MetLife in a research report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target on the stock. Two investment 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, MetLife currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.46.

Read Our Latest Analysis on MET

MetLife Stock Performance

MET opened at $87.07 on Friday. The firm has a market cap of $60.29 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.07. 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 52-week low of $64.61 and a 52-week high of $89.05. The business’s fifty day moving average is $84.03 and its 200-day moving average is $80.35.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors 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 annualized dividend and a dividend yield of 2.50%. MetLife’s dividend payout ratio is 43.95%.

MetLife Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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