ORG Wealth Partners LLC Buys Shares of 911 MetLife, Inc. (NYSE:MET)

ORG Wealth Partners LLC purchased a new stake in MetLife, Inc. (NYSE:MET) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 911 shares of the financial services provider’s stock, valued at approximately $75,000.

Several other large investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new stake in MetLife in the 2nd quarter valued at approximately $126,000. American Century Companies Inc. raised its holdings in shares of MetLife by 16.7% in the second quarter. American Century Companies Inc. now owns 1,028,848 shares of the financial services provider’s stock worth $72,215,000 after acquiring an additional 146,940 shares during the last quarter. Forsta AP Fonden lifted its position in shares of MetLife by 23.1% in the second quarter. Forsta AP Fonden now owns 179,900 shares of the financial services provider’s stock valued at $12,627,000 after acquiring an additional 33,800 shares in the last quarter. BOKF NA boosted its stake in shares of MetLife by 117.8% during the second quarter. BOKF NA now owns 7,389 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 3,997 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in MetLife by 3.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,616 shares of the financial services provider’s stock valued at $2,009,000 after purchasing an additional 954 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.

MetLife Trading Down 3.0 %

NYSE MET opened at $80.30 on Friday. The firm has a market capitalization of $55.60 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.76 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 one year low of $64.61 and a one year high of $89.05. The company’s 50 day moving average price is $82.97 and its 200 day moving average price is $78.92.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.71%. MetLife’s payout ratio is 43.95%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen raised their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Barclays lifted their target price on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their price target on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

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.