MetLife, Inc. (NYSE:MET) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in shares of MetLife, Inc. (NYSE:MET - Free Report) by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,673 shares of the financial services provider's stock after purchasing an additional 4,594 shares during the period. Jones Financial Companies Lllp's holdings in MetLife were worth $1,611,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MET. Bank of New York Mellon Corp boosted its position in shares of MetLife by 109.2% in the fourth quarter. Bank of New York Mellon Corp now owns 8,826,658 shares of the financial services provider's stock worth $722,727,000 after acquiring an additional 4,606,748 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of MetLife by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,548,725 shares of the financial services provider's stock worth $375,179,000 after acquiring an additional 68,579 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of MetLife by 16.8% in the fourth quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider's stock worth $347,735,000 after acquiring an additional 608,224 shares during the last quarter. Swedbank AB boosted its position in shares of MetLife by 76.0% in the fourth quarter. Swedbank AB now owns 3,466,808 shares of the financial services provider's stock worth $283,862,000 after acquiring an additional 1,496,645 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of MetLife by 3.6% in the fourth quarter. Jennison Associates LLC now owns 3,274,258 shares of the financial services provider's stock worth $268,096,000 after acquiring an additional 114,166 shares during the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

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MetLife Stock Performance

MetLife stock traded up $0.06 during mid-day trading on Friday, reaching $82.28. The company's stock had a trading volume of 3,131,884 shares, compared to its average volume of 3,554,516. The firm has a market cap of $56.05 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.65 and a beta of 1.04. The business has a 50 day moving average price of $83.72 and a 200-day moving average price of $82.35. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. MetLife, Inc. has a twelve month low of $67.30 and a twelve month high of $89.05.

MetLife (NYSE:MET - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 EPS 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%. Sell-side analysts predict that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be issued a dividend of $0.545 per share. 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%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of MetLife from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. TD Cowen raised their target price on shares of MetLife from $97.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods cut their price target on shares of MetLife from $100.00 to $98.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. StockNews.com lowered shares of MetLife from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, BMO Capital Markets began coverage on shares of MetLife in a report on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $94.58.

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.