OFI Invest Asset Management acquired a new stake in shares of MetLife, Inc. (NYSE:MET - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 377,234 shares of the financial services provider's stock, valued at approximately $29,829,000. OFI Invest Asset Management owned 0.05% of MetLife as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Swedbank AB increased its stake in shares of MetLife by 5.3% in the third quarter. Swedbank AB now owns 1,970,163 shares of the financial services provider's stock worth $162,499,000 after buying an additional 99,328 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of MetLife by 2.9% in the third quarter. Principal Financial Group Inc. now owns 670,565 shares of the financial services provider's stock worth $55,308,000 after buying an additional 18,788 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of MetLife by 4.4% in the third quarter. Portside Wealth Group LLC now owns 11,311 shares of the financial services provider's stock worth $933,000 after buying an additional 475 shares during the last quarter. AIA Group Ltd increased its stake in shares of MetLife by 101.4% in the third quarter. AIA Group Ltd now owns 13,539 shares of the financial services provider's stock worth $1,117,000 after buying an additional 6,818 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of MetLife in the third quarter worth $60,000. Hedge funds and other institutional investors own 94.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MET. JPMorgan Chase & Co. lifted their price target on shares of MetLife from $86.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price objective on shares of MetLife from $92.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley lifted their price objective on shares of MetLife from $101.00 to $109.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Keefe, Bruyette & Woods decreased their price objective on shares of MetLife from $100.00 to $98.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Barclays decreased their price objective 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.58.
Read Our Latest Stock Report on MET
MetLife Stock Up 0.1 %
Shares of MET stock traded up $0.06 during trading on Friday, hitting $82.28. 3,131,884 shares of the company were exchanged, compared to its average volume of 3,554,516. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $56.05 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.65 and a beta of 1.04. The business's 50-day simple moving average is $83.72 and its 200 day simple moving average is $82.35. 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 posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. As a group, analysts forecast 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 given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife's dividend payout ratio is 36.52%.
MetLife Profile
(
Free Report)
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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