AustralianSuper Pty Ltd lifted its position in shares of MetLife, Inc. (NYSE:MET – Free Report) by 8.4% in the fourth quarter, Holdings Channel reports. The firm owned 1,391,339 shares of the financial services provider’s stock after purchasing an additional 107,640 shares during the period. AustralianSuper Pty Ltd’s holdings in MetLife were worth $109,832,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Activest Wealth Management lifted its position in MetLife by 205.8% during the fourth quarter. Activest Wealth Management now owns 315 shares of the financial services provider’s stock valued at $25,000 after buying an additional 212 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its position in shares of MetLife by 790.0% in the third quarter. Vermillion & White Wealth Management Group LLC now owns 356 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 316 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of MetLife by 58.9% in the fourth quarter. Sound Income Strategies LLC now owns 383 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of MetLife in the 3rd quarter valued at $32,000. Finally, Albion Financial Group UT acquired a new position in shares of MetLife during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 94.99% of the company’s stock.
MetLife Stock Performance
Shares of MET opened at $79.09 on Friday. The stock has a market capitalization of $50.89 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 0.59 and a beta of 0.78. The business’s fifty day moving average price is $73.78 and its 200 day moving average price is $76.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. MetLife, Inc. has a 12-month low of $67.33 and a 12-month high of $83.85.
MetLife Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 12th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from MetLife’s previous quarterly dividend of $0.57. MetLife’s payout ratio is currently 45.93%.
Analysts Set New Price Targets
Several brokerages recently issued reports on MET. TD Cowen lowered their price target on MetLife from $91.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Mizuho set a $95.00 price objective on MetLife in a research note on Friday, May 8th. Wells Fargo & Company upped their target price on MetLife from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays raised their target price on MetLife from $89.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on MetLife from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.15.
Check Out Our Latest Analysis on MetLife
MetLife Company Profile
MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.
In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.
Featured Stories
- Five stocks we like better than MetLife
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MetLife, Inc. (NYSE:MET – Free Report).
Receive News & Ratings for MetLife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife and related companies with MarketBeat.com's FREE daily email newsletter.
