MetLife, Inc. (NYSE:MET) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP raised its position in MetLife, Inc. (NYSE:MET - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,540 shares of the financial services provider's stock after purchasing an additional 4,308 shares during the period. Aigen Investment Management LP's holdings in MetLife were worth $945,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MET. Swedbank AB raised its holdings in MetLife by 5.3% in the 3rd quarter. Swedbank AB now owns 1,970,163 shares of the financial services provider's stock valued at $162,499,000 after acquiring an additional 99,328 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of MetLife in the 3rd quarter valued at $233,000. Robeco Institutional Asset Management B.V. grew its stake in shares of MetLife by 18.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 186,361 shares of the financial services provider's stock valued at $15,371,000 after buying an additional 29,163 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of MetLife by 9.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 259,461 shares of the financial services provider's stock worth $21,400,000 after buying an additional 22,278 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of MetLife by 19.9% in the 3rd quarter. QRG Capital Management Inc. now owns 57,466 shares of the financial services provider's stock worth $4,740,000 after buying an additional 9,521 shares during the period. 94.99% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MET shares. TD Cowen boosted their price target on MetLife from $97.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods dropped their target price on shares of MetLife from $100.00 to $98.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price target on shares of MetLife from $92.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley upped their target price on MetLife from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Barclays reduced their price target on MetLife from $96.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $94.58.

MetLife Stock Performance

Shares of MET traded up $0.06 during mid-day trading on Friday, hitting $82.28. The stock had a trading volume of 3,131,884 shares, compared to its average volume of 3,554,516. The company's fifty day simple moving average is $83.72 and its two-hundred day simple moving average is $82.21. 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 cap of $56.05 billion, a PE ratio of 13.78, a PEG ratio of 0.65 and a beta of 1.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54.

MetLife (NYSE:MET - Get Free Report) last issued 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 return on equity of 20.42% and a net margin of 6.19%. On average, equities analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors 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 2.65%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife's dividend payout ratio (DPR) is 36.52%.

MetLife Company 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.