EverSource Wealth Advisors LLC Has $248,000 Stake in MetLife, Inc. (NYSE:MET)

EverSource Wealth Advisors LLC raised its stake in MetLife, Inc. (NYSE:MET) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,029 shares of the financial services provider’s stock after buying an additional 178 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in MetLife were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. United Asset Strategies Inc. increased its stake in shares of MetLife by 1.1% in the fourth quarter. United Asset Strategies Inc. now owns 10,933 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 120 shares during the last quarter. Barrett & Company Inc. increased its position in MetLife by 1.0% in the 4th quarter. Barrett & Company Inc. now owns 11,942 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 121 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings 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 valued at $781,000 after buying an additional 123 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in MetLife by 2.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,044 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 126 shares in the last quarter. Finally, Davis R M Inc. lifted its stake in MetLife by 4.2% in the fourth quarter. Davis R M Inc. now owns 3,148 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Cowen reaffirmed a “buy” rating on shares of MetLife in a research report on Friday, March 7th. Keefe, Bruyette & Woods lowered their price objective on MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Barclays reduced their target price on MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, BMO Capital Markets began coverage on MetLife in a report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.58.

MetLife Stock Up 3.8 %

MET opened at $80.62 on Friday. MetLife, Inc. has a fifty-two week low of $67.30 and a fifty-two week high of $89.05. The company has a market capitalization of $54.92 billion, a P/E ratio of 13.50, a P/E/G ratio of 0.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The firm’s fifty day moving average price is $83.44 and its two-hundred day moving average price is $82.45.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. On average, analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, February 4th. MetLife’s dividend payout ratio is 36.52%.

MetLife 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.