MetLife, Inc. (NYSE:MET) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of MetLife, Inc. (NYSE:MET) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,679 shares of the financial services provider’s stock after selling 2,763 shares during the period. Mutual of America Capital Management LLC’s holdings in MetLife were worth $5,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MET. Swedbank AB lifted its position in MetLife by 5.3% during the third quarter. Swedbank AB now owns 1,970,163 shares of the financial services provider’s stock valued at $162,499,000 after purchasing an additional 99,328 shares during the period. Farther Finance Advisors LLC lifted its position in MetLife by 19.6% during the third quarter. Farther Finance Advisors LLC now owns 10,840 shares of the financial services provider’s stock valued at $894,000 after purchasing an additional 1,774 shares during the period. Chicago Partners Investment Group LLC acquired a new position in MetLife during the third quarter valued at $233,000. Carmichael Hill & Associates Inc. lifted its position in MetLife by 131.9% during the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 186 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in MetLife by 18.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 186,361 shares of the financial services provider’s stock valued at $15,371,000 after purchasing an additional 29,163 shares during the period. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MET has been the subject of a number of research reports. Barclays decreased their target price on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. BMO Capital Markets initiated coverage on shares of MetLife in a report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. TD Cowen lifted their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley lifted their price objective on shares of MetLife from $101.00 to $109.00 and gave the company an “overweight” rating in a report on Friday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, MetLife currently has an average rating of “Moderate Buy” and a consensus price target of $94.58.

MetLife Stock Down 0.7 %

MET stock opened at $85.60 on Tuesday. The stock has a market capitalization of $58.31 billion, a P/E ratio of 14.34, a P/E/G ratio of 0.65 and a beta of 1.07. The firm has a 50-day simple moving average of $83.73 and a 200-day simple moving average of $82.08. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54. MetLife, Inc. has a 52 week low of $67.30 and a 52 week high of $89.05.

MetLife (NYSE:MET) last released its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. Equities analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.55%. MetLife’s dividend payout ratio is presently 36.52%.

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.