SteelPeak Wealth LLC Sells 10,366 Shares of MetLife, Inc. (NYSE:MET)

SteelPeak Wealth LLC trimmed its holdings in shares of MetLife, Inc. (NYSE:MET) by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,152 shares of the financial services provider’s stock after selling 10,366 shares during the quarter. SteelPeak Wealth LLC’s holdings in MetLife were worth $1,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. United Asset Strategies Inc. lifted its position in MetLife by 1.1% during the fourth quarter. United Asset Strategies Inc. now owns 10,933 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 120 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of MetLife by 1.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock valued at $781,000 after buying an additional 123 shares during the period. Abacus Planning Group Inc. boosted its stake 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 worth $1,015,000 after buying an additional 127 shares during the last quarter. Avestar Capital LLC grew its holdings in 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 period. Finally, First Commonwealth Financial Corp PA raised its position in 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 valued at $1,375,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

MetLife Stock Performance

Shares of NYSE:MET opened at $86.77 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05. The firm has a market capitalization of $60.08 billion, a PE ratio of 17.49, a P/E/G ratio of 0.65 and a beta of 1.07. The business’s 50 day moving average price is $83.95 and its 200-day moving average price is $80.30.

MetLife Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MET shares. Piper Sandler upped their price objective on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. BMO Capital Markets began coverage on shares of MetLife in a research report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. TD Cowen raised 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. Finally, StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.46.

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.