FCA Corp TX Sells 213 Shares of MetLife, Inc. (NYSE:MET)

FCA Corp TX reduced its position in MetLife, Inc. (NYSE:MET) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,137 shares of the financial services provider’s stock after selling 213 shares during the period. FCA Corp TX’s holdings in MetLife were worth $2,468,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in shares of MetLife in the 4th quarter valued at about $32,000. Sierra Ocean LLC bought a new stake in shares of MetLife in the 4th quarter valued at about $32,000. Values First Advisors Inc. bought a new stake in shares of MetLife in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in shares of MetLife in the 4th quarter valued at about $44,000. Finally, Atala Financial Inc acquired a new stake in MetLife in the 4th quarter worth approximately $45,000. 94.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Cowen lifted their target price on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods lowered their target price on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Barclays lowered their target price on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, BMO Capital Markets initiated coverage on shares of MetLife in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 target price for the company. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, MetLife has a consensus rating of “Moderate Buy” and an average target price of $94.58.

MetLife Price Performance

NYSE:MET opened at $82.33 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $56.09 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.65 and a beta of 1.04. The company has a 50 day moving average price of $83.48 and a 200-day moving average price of $82.64. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05.

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

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Tuesday, February 4th. MetLife’s dividend payout ratio is presently 36.52%.

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.