3,184 Shares in MetLife, Inc. (NYSE:MET) Bought by Tallon Kerry Patrick

Tallon Kerry Patrick bought a new position in shares of MetLife, Inc. (NYSE:MET) during the 4th quarter, HoldingsChannel reports. The firm bought 3,184 shares of the financial services provider’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MET. Virtu Financial LLC purchased a new position in MetLife during the 2nd quarter worth $1,362,000. Bradley Foster & Sargent Inc. CT grew its stake in MetLife by 5.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 3,501 shares of the financial services provider’s stock worth $246,000 after buying an additional 166 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in MetLife by 0.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 62,120 shares of the financial services provider’s stock worth $4,353,000 after buying an additional 317 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in MetLife by 2.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,018 shares of the financial services provider’s stock worth $1,475,000 after buying an additional 446 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in MetLife by 7.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 65,371 shares of the financial services provider’s stock worth $4,556,000 after buying an additional 4,280 shares during the last quarter. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MET. Barclays boosted their price target on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. TD Cowen boosted their price target on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Jefferies Financial Group boosted their price target on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and an average price target of $89.92.

MetLife Stock Up 1.1 %

Shares of MET opened at $85.90 on Friday. The company has a market capitalization of $59.48 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.59 and a beta of 1.07. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average price is $83.19 and its 200-day moving average price is $79.24.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.54%. MetLife’s payout ratio is 43.95%.

MetLife 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.