MetLife, Inc. (NYSE:MET) Stock Holdings Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of MetLife, Inc. (NYSE:MET - Free Report) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,877 shares of the financial services provider's stock after selling 31,726 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in MetLife were worth $27,420,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC raised its holdings in MetLife by 64.3% in 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 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 buying an additional 502 shares during the period. Larson Financial Group LLC grew its holdings in MetLife by 59.5% in the 3rd quarter. Larson Financial Group LLC now owns 906 shares of the financial services provider's stock valued at $75,000 after buying an additional 338 shares during the period. Bank of Montreal Can increased its stake in shares of MetLife by 5.5% during the 3rd quarter. Bank of Montreal Can now owns 901,340 shares of the financial services provider's stock valued at $74,343,000 after acquiring an additional 47,117 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of MetLife by 3.1% in the third quarter. D.A. Davidson & CO. now owns 22,294 shares of the financial services provider's stock worth $1,839,000 after acquiring an additional 671 shares during the last quarter. Institutional investors and hedge funds own 94.99% of the company's stock.

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Analyst Ratings Changes

MET has been the topic of a number of research analyst reports. Cowen reiterated a "buy" rating on shares of MetLife in a report on Friday, March 7th. StockNews.com downgraded MetLife from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. 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 objective on the stock. Morgan Stanley boosted their target price on MetLife from $101.00 to $109.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, 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. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.58.

MetLife Stock Up 1.4 %

NYSE:MET traded up $1.09 on Monday, reaching $80.32. The stock had a trading volume of 5,392,281 shares, compared to its average volume of 3,277,523. MetLife, Inc. has a 12-month low of $67.30 and a 12-month high of $89.05. The stock has a market cap of $54.72 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.65 and a beta of 1.04. 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 company has a 50-day moving average of $83.16 and a 200 day moving average of $82.98.

MetLife (NYSE:MET - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share 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%. On average, research analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were paid a $0.545 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.71%. MetLife's dividend payout ratio (DPR) 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.