Teachers Advisors LLC decreased its holdings in Metlife Inc (NYSE:MET) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,355,820 shares of the financial services provider’s stock after selling 63,128 shares during the quarter. Teachers Advisors LLC owned 0.32% of Metlife worth $169,670,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. First Dallas Securities Inc. acquired a new position in shares of Metlife in the 4th quarter valued at $111,000. Ffcm LLC raised its stake in shares of Metlife by 2,020.8% in the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock valued at $119,000 after buying an additional 2,142 shares in the last quarter. Sandy Spring Bank grew its holdings in shares of Metlife by 495.2% in the 4th quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,976 shares during the last quarter. Avestar Capital LLC bought a new stake in shares of Metlife in the 4th quarter worth about $135,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Metlife in the 3rd quarter worth about $151,000. Institutional investors own 77.67% of the company’s stock.
Shares of Metlife Inc (NYSE MET) opened at $47.84 on Monday. Metlife Inc has a fifty-two week low of $43.38 and a fifty-two week high of $55.91. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.29. The company has a market cap of $49,593.00, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s dividend payout ratio is currently 46.92%.
Several research firms have recently weighed in on MET. UBS Group reaffirmed a “neutral” rating and issued a $51.00 target price (down previously from $52.00) on shares of Metlife in a report on Friday, March 2nd. Morgan Stanley lowered their target price on shares of Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 14th. Wells Fargo & Co set a $60.00 target price on shares of Metlife and gave the stock a “buy” rating in a report on Tuesday, February 13th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Metlife in a report on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $56.00 target price on shares of Metlife in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Metlife presently has a consensus rating of “Hold” and a consensus price target of $57.90.
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Metlife Company Profile
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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