MetLife, Inc. (NYSE:MET) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its position in MetLife, Inc. (NYSE:MET - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,412 shares of the financial services provider's stock after purchasing an additional 7,607 shares during the quarter. Arkadios Wealth Advisors' holdings in MetLife were worth $5,438,000 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 MET. MeadowBrook Investment Advisors LLC lifted its stake in shares of MetLife by 244.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider's stock worth $26,000 after buying an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. raised its holdings in MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 186 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider's stock worth $29,000 after purchasing an additional 277 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in MetLife in the 3rd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of MetLife during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 94.99% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on MET shares. JPMorgan Chase & Co. lifted their price objective on MetLife from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Jefferies Financial Group lifted their price target on MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 27th. TD Cowen upped their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company reduced their target price on shares of MetLife from $93.00 to $92.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays boosted their target price on shares of MetLife from $90.00 to $96.00 and gave the company an "overweight" rating in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.92.

MetLife Trading Up 1.1 %

NYSE MET traded up $0.94 on Friday, reaching $86.83. The stock had a trading volume of 5,168,506 shares, compared to its average volume of 2,672,899. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $83.41 and a two-hundred day moving average price of $79.47. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05. The firm has a market capitalization of $60.12 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 0.59 and a beta of 1.07.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife's payout ratio is 43.95%.

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.