MetLife, Inc. (NYSE:MET) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lowered its holdings in MetLife, Inc. (NYSE:MET) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,515 shares of the financial services provider’s stock after selling 174 shares during the period. Trust Co. of Toledo NA OH’s holdings in MetLife were worth $2,826,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. MeadowBrook Investment Advisors LLC raised its holdings in MetLife by 244.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after buying an additional 220 shares during the period. Carmichael Hill & Associates Inc. raised its stake in shares of MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 186 shares during the period. Wolff Wiese Magana LLC lifted its holdings in shares of MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 277 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of MetLife during the 3rd quarter worth approximately $30,000. Finally, Fortitude Family Office LLC increased its holdings in MetLife by 177.3% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Stock Up 1.3 %

Shares of MET traded up $1.06 during mid-day trading on Monday, reaching $81.31. The company’s stock had a trading volume of 446,100 shares, compared to its average volume of 2,704,011. The company’s 50 day moving average is $82.97 and its 200 day moving average is $79.03. The stock has a market cap of $56.30 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05. 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 Announces Dividend

The business 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 $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Tuesday, February 4th. MetLife’s payout ratio is 43.95%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MET shares. StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a research note on Thursday. Piper Sandler boosted their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Jefferies Financial Group raised their price target on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, TD Cowen upped their price objective on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, MetLife currently has an average rating of “Moderate Buy” and an average 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.