Northeast Financial Consultants Inc lessened its position in Metlife Inc (NYSE:MET) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,384 shares of the financial services provider’s stock after selling 3,400 shares during the quarter. Metlife comprises 1.4% of Northeast Financial Consultants Inc’s holdings, making the stock its 15th largest position. Northeast Financial Consultants Inc’s holdings in Metlife were worth $4,216,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MET. BlackRock Inc. lifted its position in 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 buying an additional 1,097,982 shares in the last quarter. Geode Capital Management LLC raised its position in Metlife by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 10,504,468 shares of the financial services provider’s stock valued at $529,964,000 after purchasing an additional 174,242 shares during the period. Epoch Investment Partners Inc. raised its position in Metlife by 208.5% in the third quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock valued at $534,623,000 after purchasing an additional 6,954,917 shares during the period. American Century Companies Inc. raised its position in Metlife by 10.3% in the fourth quarter. American Century Companies Inc. now owns 6,625,997 shares of the financial services provider’s stock valued at $335,010,000 after purchasing an additional 619,487 shares during the period. Finally, TD Asset Management Inc. raised its position in Metlife by 20.5% in the third quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock valued at $325,671,000 after purchasing an additional 1,067,700 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.
Shares of Metlife Inc (MET) opened at $47.02 on Tuesday. Metlife Inc has a one year low of $43.38 and a one year high of $55.91. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $49,593.00, a price-to-earnings ratio of 13.79, a PEG ratio of 0.97 and a beta of 1.28.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.40%. Metlife’s payout ratio is presently 46.92%.
A number of equities research analysts have commented on MET shares. Wells Fargo & Co reduced their target price on Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Deutsche Bank started coverage on Metlife in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price on the stock. Zacks Investment Research downgraded Metlife from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Goldman Sachs Group restated a “buy” rating on shares of Metlife in a research report on Wednesday, January 31st. Finally, ValuEngine downgraded Metlife from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $57.90.
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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.
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