MetLife, Inc. (NYSE:MET) Stock Position Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of MetLife, Inc. (NYSE:MET - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 926,974 shares of the financial services provider's stock after purchasing an additional 56,341 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.13% of MetLife worth $76,207,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC boosted its stake in MetLife by 64.3% during the 3rd quarter. Cerity Partners LLC now owns 69,689 shares of the financial services provider's stock valued at $5,748,000 after acquiring an additional 27,274 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of MetLife by 14.8% during the third quarter. Kingsview Wealth Management LLC now owns 3,899 shares of the financial services provider's stock worth $322,000 after purchasing an additional 502 shares during the last quarter. Larson Financial Group LLC grew its stake in MetLife by 59.5% in the third quarter. Larson Financial Group LLC now owns 906 shares of the financial services provider's stock worth $75,000 after purchasing an additional 338 shares in the last quarter. D.A. Davidson & CO. increased its holdings in MetLife by 3.1% in the third quarter. D.A. Davidson & CO. now owns 22,294 shares of the financial services provider's stock valued at $1,839,000 after buying an additional 671 shares during the last quarter. Finally, FMR LLC raised its stake in MetLife by 5.4% during the third quarter. FMR LLC now owns 2,209,119 shares of the financial services provider's stock valued at $182,208,000 after buying an additional 112,491 shares in the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

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MetLife Stock Performance

MET traded up $0.89 during trading hours on Tuesday, hitting $81.18. The company's stock had a trading volume of 3,249,786 shares, compared to its average volume of 3,281,628. The company has a 50-day simple moving average of $83.04 and a 200 day simple moving average of $83.01. 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 firm has a market capitalization of $55.30 billion, a PE ratio of 13.60, a PEG ratio of 0.65 and a beta of 1.04. MetLife, Inc. has a fifty-two week low of $67.30 and a fifty-two week high of $89.05.

MetLife (NYSE:MET - Get Free Report) last issued its quarterly 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 net margin of 6.19% and a return on equity of 20.42%. As a group, sell-side analysts expect that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

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

Analysts Set New Price Targets

MET has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price target on MetLife from $92.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley boosted their target price on shares of MetLife from $101.00 to $109.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. BMO Capital Markets began coverage on shares of MetLife in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 price target on the stock. Barclays lowered their price objective on shares of MetLife from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their target price on MetLife from $86.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.58.

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.