BancorpSouth Bank purchased a new position in shares of Metlife Inc (NYSE:MET) during the fourth quarter, Holdings Channel reports. The fund purchased 90,080 shares of the financial services provider’s stock, valued at approximately $4,554,000. Metlife comprises about 0.4% of BancorpSouth Bank’s portfolio, making the stock its 26th largest position.
Several other hedge funds have also modified their holdings of MET. Epoch Investment Partners Inc. grew its stake in shares of Metlife by 208.5% during the third quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock worth $534,623,000 after acquiring an additional 6,954,917 shares during the last quarter. BlackRock Inc. grew its stake in shares of Metlife by 1.5% during the fourth quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock worth $3,700,792,000 after acquiring an additional 1,097,982 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Metlife by 20.5% during the third quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock worth $325,671,000 after acquiring an additional 1,067,700 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Metlife by 9,943.0% during the fourth quarter. Alps Advisors Inc. now owns 907,988 shares of the financial services provider’s stock worth $45,908,000 after acquiring an additional 898,947 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Metlife by 58.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,178,614 shares of the financial services provider’s stock worth $113,655,000 after acquiring an additional 806,800 shares during the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.
Shares of Metlife Inc (MET) opened at $47.47 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.16. Metlife Inc has a 52-week low of $43.38 and a 52-week high of $55.91. The company has a market capitalization of $49,950.00, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.96 and a beta of 1.31.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be given a $0.40 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.60 annualized dividend and a yield of 3.37%. Metlife’s dividend payout ratio is presently 39.41%.
A number of brokerages have recently weighed in on MET. Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, November 9th. B. Riley restated a “neutral” rating on shares of Metlife in a research note on Monday, November 6th. Sandler O’Neill lowered Metlife from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Wells Fargo & Co set a $60.00 target price on Metlife and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley dropped their target price on Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $57.58.
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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).
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.