MetLife, Inc. (NYSE:MET) Stake Increased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in shares of MetLife, Inc. (NYSE:MET - Free Report) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,331 shares of the financial services provider's stock after buying an additional 5,975 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in MetLife were worth $4,858,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in shares of MetLife in the fourth quarter worth about $32,000. Sierra Ocean LLC acquired a new stake in MetLife during the 4th quarter valued at approximately $32,000. Graney & King LLC purchased a new stake in shares of MetLife in the 4th quarter valued at $34,000. Values First Advisors Inc. acquired a new stake in shares of MetLife in the fourth quarter worth $36,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of MetLife during the fourth quarter worth $44,000. 94.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays reduced their price target on MetLife from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. BMO Capital Markets initiated coverage on shares of MetLife in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 target price for the company. StockNews.com lowered shares of MetLife from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of MetLife from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley raised their target price on MetLife from $101.00 to $109.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.58.

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MetLife Price Performance

MET traded up $0.81 during trading on Tuesday, reaching $81.10. 689,671 shares of the stock were exchanged, compared to its average volume of 3,267,527. The company has a market capitalization of $55.24 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. MetLife, Inc. has a 1 year low of $67.30 and a 1 year high of $89.05. The business's 50 day moving average price is $83.16 and its two-hundred day moving average price is $82.98.

MetLife (NYSE:MET - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. As a group, equities research analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Tuesday, February 4th. MetLife's dividend payout ratio is currently 36.52%.

About MetLife

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.