Fiduciary Trust Co Sells 631 Shares of MetLife, Inc. (NYSE:MET)

Fiduciary Trust Co lowered its stake in shares of MetLife, Inc. (NYSE:MET) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,571 shares of the financial services provider’s stock after selling 631 shares during the quarter. Fiduciary Trust Co’s holdings in MetLife were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Great Valley Advisor Group Inc. grew its stake in shares of MetLife by 1.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock worth $781,000 after acquiring an additional 123 shares in the last quarter. Abacus Planning Group Inc. boosted its holdings in MetLife by 1.0% during the third quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock worth $1,015,000 after purchasing an additional 127 shares during the last quarter. First Commonwealth Financial Corp PA grew its position in MetLife by 0.8% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider’s stock worth $1,375,000 after purchasing an additional 133 shares in the last quarter. Avestar Capital LLC increased its stake in MetLife by 3.2% in the 3rd quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock valued at $352,000 after buying an additional 133 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its position in shares of MetLife by 2.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock worth $576,000 after buying an additional 136 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

MetLife Trading Down 0.0 %

NYSE:MET opened at $88.23 on Friday. MetLife, Inc. has a 1 year low of $63.02 and a 1 year high of $89.05. The stock’s fifty day moving average price is $83.34 and its two-hundred day moving average price is $76.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $61.09 billion, a P/E ratio of 17.79, a P/E/G ratio of 0.81 and a beta of 1.05.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.47%. MetLife’s dividend payout ratio (DPR) is 43.95%.

Analysts Set New Price Targets

MET has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen lifted their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays cut their price target on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Fourteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $88.62.

MetLife Company Profile

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.