Foundations Investment Advisors LLC Buys New Shares in MetLife, Inc. (NYSE:MET)

Foundations Investment Advisors LLC purchased a new position in shares of MetLife, Inc. (NYSE:MET - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,910 shares of the financial services provider's stock, valued at approximately $238,000.

Other hedge funds have also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC grew its stake in MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider's stock worth $26,000 after purchasing an additional 220 shares during the period. Carmichael Hill & Associates Inc. grew its position in shares of MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock worth $27,000 after buying an additional 186 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 277 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in shares of MetLife during the 3rd quarter valued at $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in MetLife during the fourth quarter worth $32,000. 94.99% of the stock is owned by institutional investors.

MetLife Stock Down 0.5 %

MET opened at $86.56 on Friday. MetLife, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $89.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The company's 50-day moving average is $84.06 and its 200 day moving average is $80.39. The firm has a market capitalization of $59.93 billion, a P/E ratio of 17.45, a PEG ratio of 0.66 and a beta of 1.07.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.52%. MetLife's payout ratio is presently 43.95%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of MetLife from $90.00 to $96.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on MetLife from $93.00 to $92.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets assumed coverage on MetLife in a report on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 price target on the stock. StockNews.com downgraded MetLife from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, TD Cowen increased their target price on MetLife from $97.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.46.

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.

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