MetLife, Inc. $MET Shares Purchased by Corient Private Wealth LLC
π Corient Private Wealth LLC increased its MetLife holdings by 4.4% in Q4 to own 611,606 shares valued at $48.3 million.
π Multiple institutional investors including Nordea and Strs Ohio added to their stakes, while AIA Group Ltd nearly doubled its position.
π° MetLife raised its quarterly dividend to $0.5925 per share, representing a 2.8% yield on the current stock price.
π The company trades at a P/E ratio of 16.62 with a market cap of $55.18 billion and a beta of 0.78.
π¦ Major analysts including Wells Fargo, Keefe Bruyette & Woods, and JPMorgan Chase raised price targets to between $95 and $98.
π The consensus analyst rating is 'Moderate Buy' with an average target price of $95.31 based on recent research notes.
π‘οΈ MetLife's core business includes life insurance, annuities, group benefits, and supplemental health products like dental and disability coverage.
- Institutional investors are accumulating shares, with Corient Private Wealth LLC increasing its stake by 4.4% and AIA Group Ltd boosting holdings by 93.5% in the third quarter.
- The company increased its quarterly dividend to $0.5925 per share from the previous $0.57, signaling confidence in cash flow generation.
- Multiple major financial institutions including Wells Fargo, Keefe Bruyette & Woods, and JPMorgan Chase raised their price targets to between $95 and $98 with 'overweight' or 'outperform' ratings.
- Analyst consensus remains bullish with a 'Moderate Buy' rating and a collective target price of $95.31, suggesting potential upside from current levels.