Massachusetts Financial Services Co. MA Decreases Position in MetLife, Inc. (NYSE:MET)

Massachusetts Financial Services Co. MA lessened its holdings in MetLife, Inc. (NYSE:MET - Free Report) by 26.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 954,682 shares of the financial services provider's stock after selling 334,701 shares during the period. Massachusetts Financial Services Co. MA owned 0.14% of MetLife worth $78,742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. MeadowBrook Investment Advisors LLC increased its holdings in shares of MetLife by 244.4% during the 3rd 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. boosted its position in MetLife by 131.9% in the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider's stock valued at $27,000 after buying an additional 186 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in MetLife by 374.3% in the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider's stock valued at $29,000 after buying an additional 277 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in MetLife in the third quarter valued at about $30,000. Finally, Fortitude Family Office LLC lifted its position in shares of MetLife by 177.3% during the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider's stock worth $34,000 after purchasing an additional 266 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

MET has been the topic of several analyst reports. StockNews.com upgraded shares of MetLife from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Wells Fargo & Company upped their target price on shares of MetLife from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Barclays lowered their target price on shares of MetLife from $91.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group increased their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Morgan Stanley lowered their price objective on shares of MetLife from $86.00 to $85.00 and set an "overweight" rating for the company in a research report on Monday, August 19th. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $88.46.

MetLife Trading Up 0.6 %

MetLife stock traded up $0.52 during trading hours on Monday, reaching $87.11. The stock had a trading volume of 1,130,765 shares, compared to its average volume of 3,308,267. The stock has a market cap of $60.32 billion, a PE ratio of 17.46, a PEG ratio of 0.79 and a beta of 1.05. MetLife, Inc. has a 52 week low of $62.81 and a 52 week high of $87.63. 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 has a fifty day simple moving average of $82.48 and a 200-day simple moving average of $76.08.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, November 5th. 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.