MetLife, Inc. (NYSE:MET) Shares Sold by Skba Capital Management LLC

Skba Capital Management LLC cut its stake in MetLife, Inc. (NYSE:MET - Free Report) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,650 shares of the financial services provider's stock after selling 21,000 shares during the period. MetLife accounts for 2.0% of Skba Capital Management LLC's portfolio, making the stock its 16th largest position. Skba Capital Management LLC's holdings in MetLife were worth $12,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new stake in shares of MetLife in the 4th quarter valued at about $32,000. Retirement Wealth Solutions LLC acquired a new stake in MetLife during the fourth quarter valued at approximately $32,000. Graney & King LLC acquired a new stake in MetLife during the fourth quarter valued at approximately $34,000. Values First Advisors Inc. bought a new position in MetLife during the 4th quarter worth approximately $36,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of MetLife in the 4th quarter worth approximately $48,000. 94.99% of the stock is currently owned by institutional investors.

MetLife Stock Performance

MET stock traded down $7.20 during trading on Friday, reaching $68.71. 8,886,198 shares of the company's stock were exchanged, compared to its average volume of 3,325,613. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The company's fifty day moving average price is $82.41 and its 200-day moving average price is $82.90. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54. The firm has a market cap of $46.81 billion, a PE ratio of 11.51, a P/E/G ratio of 0.65 and a beta of 0.89.

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MetLife (NYSE:MET - Get Free Report) last released its 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 net margin of 6.19% and a return on equity of 20.42%. On average, research analysts expect that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were issued a dividend of $0.545 per share. The ex-dividend date was Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 3.17%. MetLife's payout ratio is 36.52%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cowen restated a "buy" rating on shares of MetLife in a research note on Friday, March 7th. Barclays reduced their price target on shares of MetLife from $96.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of MetLife from $88.00 to $86.00 and set an "overweight" rating for the company in a report on Wednesday. UBS Group increased their price objective on shares of MetLife from $94.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods decreased their target price on MetLife from $100.00 to $98.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $94.85.

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.