Aspen Investment Management Inc reduced its stake in shares of Metlife Inc (NYSE:MET) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,678 shares of the financial services provider’s stock after selling 475 shares during the quarter. Aspen Investment Management Inc’s holdings in Metlife were worth $315,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MET. Oregon Public Employees Retirement Fund grew its stake in shares of Metlife by 4,191.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,828,417 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 12,529,511 shares during the last quarter. FMR LLC grew its stake in shares of Metlife by 12.3% during the third quarter. FMR LLC now owns 52,498,328 shares of the financial services provider’s stock valued at $2,452,721,000 after purchasing an additional 5,760,379 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of Metlife by 2,954.4% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,311,734 shares of the financial services provider’s stock valued at $94,919,000 after purchasing an additional 2,236,048 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Metlife by 4,778.5% during the third quarter. Rehmann Capital Advisory Group now owns 1,324,512 shares of the financial services provider’s stock valued at $28,350,000 after purchasing an additional 1,297,362 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Metlife by 833.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,235,142 shares of the financial services provider’s stock valued at $50,711,000 after purchasing an additional 1,102,832 shares during the last quarter. 76.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE MET opened at $43.22 on Friday. Metlife Inc has a fifty-two week low of $37.76 and a fifty-two week high of $48.92. The company has a market capitalization of $40.92 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 5th were issued a $0.42 dividend. The ex-dividend date was Monday, February 4th. This represents a $1.68 annualized dividend and a yield of 3.89%. Metlife’s dividend payout ratio is currently 31.17%.
Several analysts have recently commented on MET shares. Bank of America raised shares of Metlife from a “neutral” rating to a “buy” rating and set a $44.06 price target on the stock in a research note on Wednesday, January 16th. Wells Fargo & Co reissued a “buy” rating on shares of Metlife in a research note on Tuesday, January 8th. Sandler O’Neill upgraded shares of Metlife from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Argus restated a “buy” rating on shares of Metlife in a report on Tuesday, February 12th. Finally, Zacks Investment Research lowered shares of Metlife from a “buy” rating to a “hold” rating in a report on Monday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.92.
In other Metlife news, CFO John D. Mccallion sold 2,669 shares of the stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $44.43, for a total value of $118,583.67. Following the sale, the chief financial officer now directly owns 20,538 shares in the company, valued at $912,503.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven J. Goulart sold 10,292 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $44.40, for a total transaction of $456,964.80. Following the completion of the sale, the executive vice president now owns 93,214 shares in the company, valued at $4,138,701.60. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.
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MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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