MetLife, Inc. (NYSE:MET) Shares Acquired by Summit Financial LLC

Summit Financial LLC lifted its position in shares of MetLife, Inc. (NYSE:MET - Free Report) by 296.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,149 shares of the financial services provider's stock after buying an additional 15,069 shares during the quarter. Summit Financial LLC's holdings in MetLife were worth $1,650,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. grew its holdings in MetLife by 7.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 505,553 shares of the financial services provider's stock worth $41,395,000 after acquiring an additional 35,395 shares in the last quarter. AIA Group Ltd lifted its position in shares of MetLife by 21.2% in the 4th quarter. AIA Group Ltd now owns 16,410 shares of the financial services provider's stock worth $1,344,000 after purchasing an additional 2,871 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of MetLife by 114.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 513,357 shares of the financial services provider's stock valued at $42,034,000 after purchasing an additional 274,376 shares in the last quarter. Clearbridge Investments LLC increased its holdings in MetLife by 43.7% during the fourth quarter. Clearbridge Investments LLC now owns 5,663,177 shares of the financial services provider's stock valued at $463,701,000 after buying an additional 1,723,461 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in MetLife by 5.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 19,022 shares of the financial services provider's stock worth $1,575,000 after buying an additional 988 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company's stock.

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Analyst Upgrades and Downgrades

MET has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on MetLife from $88.00 to $86.00 and set an "overweight" rating on the stock in a research report on Wednesday. StockNews.com lowered MetLife from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Cowen reissued a "buy" rating on shares of MetLife in a research report on Friday, March 7th. UBS Group lifted their price objective on shares of MetLife from $94.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley increased their target price on shares of MetLife from $101.00 to $109.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.85.

MetLife Stock Performance

Shares of MET stock traded down $6.69 during mid-day trading on Thursday, reaching $75.80. The stock had a trading volume of 6,197,321 shares, compared to its average volume of 3,303,445. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The firm has a market cap of $51.64 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.65 and a beta of 1.04. The business's fifty day moving average is $82.76 and its 200-day moving average is $82.96.

MetLife (NYSE:MET - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (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, research analysts forecast 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. Shareholders of record on Tuesday, February 4th were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Tuesday, February 4th. MetLife's dividend payout ratio is currently 36.52%.

About MetLife

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.