MetLife, Inc. (NYSE:MET) Holdings Raised by AGF Management Ltd.

AGF Management Ltd. grew its holdings in shares of MetLife, Inc. (NYSE:MET - Free Report) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,723 shares of the financial services provider's stock after purchasing an additional 21,491 shares during the quarter. AGF Management Ltd.'s holdings in MetLife were worth $22,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MET. MeadowBrook Investment Advisors LLC grew its position in MetLife by 244.4% in 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 last quarter. Peterson Financial Group Inc. bought a new position in shares of MetLife during the 3rd quarter worth about $30,000. Retirement Wealth Solutions LLC bought a new position in shares of MetLife during the 4th quarter worth about $32,000. Sierra Ocean LLC bought a new position in shares of MetLife during the 4th quarter worth about $32,000. Finally, Coastline Trust Co bought a new position in shares of MetLife during the 3rd quarter worth about $35,000. Institutional investors own 94.99% of the company's stock.

Analyst Upgrades and Downgrades

MET has been the subject of several analyst reports. Cowen reissued a "buy" rating on shares of MetLife in a report on Friday. Barclays cut their price target on shares of MetLife from $96.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, February 7th. StockNews.com downgraded shares of MetLife from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. BMO Capital Markets began 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. Finally, TD Cowen boosted 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $94.58.

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MetLife Stock Performance

Shares of MET stock opened at $78.56 on Wednesday. MetLife, Inc. has a 12 month low of $67.30 and a 12 month high of $89.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $53.52 billion, a P/E ratio of 13.16, a PEG ratio of 0.65 and a beta of 1.04. The firm's 50 day moving average is $83.61 and its 200 day moving average is $82.41.

MetLife (NYSE:MET - Get Free Report) last issued its earnings results 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%. On average, sell-side analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Tuesday, February 4th. MetLife's payout ratio is presently 36.52%.

MetLife 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.

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