Sen. Sheldon Whitehouse Sells MetLife, Inc. (NYSE:MET) Stock

Senator Sheldon Whitehouse (D-Rhode Island) recently sold shares of MetLife, Inc. (NYSE:MET). In a filing disclosed on December 05th, the Senator disclosed that they had sold between $1,001 and $15,000 in MetLife stock on November 19th.

Senator Sheldon Whitehouse also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Kenvue (NYSE:KVUE) on 11/18/2024.
• Purchased $15,001 – $50,000 in shares of Eli Lilly and Company (NYSE:LLY) on 10/30/2024.
• Sold $1,001 – $15,000 in shares of Starbucks (NASDAQ:SBUX) on 10/29/2024.
• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 10/29/2024.
• Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
• Sold $1,001 – $15,000 in shares of Mastercard (NYSE:MA) on 10/29/2024.
• Sold $1,001 – $15,000 in shares of Verizon Communications (NYSE:VZ) on 10/29/2024.
• Sold $100,001 – $250,000 in shares of Tesla (NASDAQ:TSLA) on 10/28/2024.
• Sold $15,001 – $50,000 in shares of Tesla (NASDAQ:TSLA) on 10/28/2024.
• Sold $15,001 – $50,000 in shares of Tesla (NASDAQ:TSLA) on 10/11/2024.

MetLife Stock Performance

MET opened at $85.88 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $59.47 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.79 and a beta of 1.06. The company has a fifty day moving average of $83.73 and a 200 day moving average of $76.91. MetLife, Inc. has a fifty-two week low of $63.19 and a fifty-two week high of $89.05.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is currently 43.95%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MET. TD Cowen upped their price target 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. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Morgan Stanley reduced their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Piper Sandler raised their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their target price on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Fourteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $88.62.

Institutional Investors Weigh In On MetLife

Several large investors have recently modified their holdings of MET. Great Valley Advisor Group Inc. lifted its stake in shares of 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 purchasing an additional 123 shares during the last quarter. Abacus Planning Group Inc. lifted its position 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 buying an additional 127 shares during the last quarter. First Commonwealth Financial Corp PA boosted its holdings in shares of MetLife by 0.8% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider’s stock valued at $1,375,000 after buying an additional 133 shares in the last quarter. Avestar Capital LLC grew its position in shares of MetLife by 3.2% in the 3rd quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock worth $352,000 after buying an additional 133 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its stake in shares of MetLife by 2.0% during 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 in the last quarter. Institutional investors own 89.81% of the company’s stock.

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Whitehouse (Democratic Party) is running for re-election to the U.S. Senate to represent Rhode Island. He declared candidacy for the 2024 election. Whitehouse previously served as the Rhode Island attorney general from 1999 to 2003. Before that, he was a United States attorney from 1994 to 1998. He was nominated to the position by President Bill Clinton (D). Whitehouse was a superdelegate to the 2016 Democratic National Convention from Rhode Island. He cast his vote for Hillary Clinton. As of a 2014 analysis of multiple outside rankings, Whitehouse is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills.

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.