Amundi Pioneer Asset Management Inc. acquired a new stake in Metlife Inc (NYSE:MET) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 463,500 shares of the financial services provider’s stock, valued at approximately $23,435,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in MET. Raymond James Financial Services Advisors Inc. grew its position in shares of Metlife by 16.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 162,441 shares of the financial services provider’s stock valued at $8,439,000 after acquiring an additional 22,842 shares during the period. Candriam Luxembourg S.C.A. grew its position in shares of Metlife by 5.6% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 102,565 shares of the financial services provider’s stock valued at $5,328,000 after acquiring an additional 5,469 shares during the period. Alps Advisors Inc. bought a new position in shares of Metlife in the 3rd quarter valued at about $470,000. Global X MANAGEMENT CO LLC grew its position in shares of Metlife by 242.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 28,768 shares of the financial services provider’s stock valued at $1,494,000 after acquiring an additional 20,364 shares during the period. Finally, FDx Advisors Inc. lifted its stake in shares of Metlife by 42.8% during the 3rd quarter. FDx Advisors Inc. now owns 35,449 shares of the financial services provider’s stock worth $1,842,000 after buying an additional 10,618 shares during the last quarter. 77.67% of the stock is owned by institutional investors.
Shares of Metlife Inc (MET) opened at $47.02 on Tuesday. Metlife Inc has a 12 month low of $43.38 and a 12 month high of $55.91. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.29. The firm has a market cap of $49,480.00, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s dividend payout ratio (DPR) is 37.12%.
A number of research firms have recently issued reports on MET. UBS Group restated a “neutral” rating and set a $51.00 target price (down previously from $52.00) on shares of Metlife in a research note on Friday, March 2nd. Morgan Stanley cut their target price on shares of Metlife from $59.00 to $58.00 and set an “equal weight” rating for the company in a research note 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 research note on Tuesday, February 13th. Goldman Sachs Group restated a “buy” rating on shares of Metlife in a research note on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $56.00 target price on shares of Metlife in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.90.
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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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