MetLife, Inc. (NYSE:MET) Shares Acquired by Intrust Bank NA

Intrust Bank NA lifted its stake in MetLife, Inc. (NYSE:MET) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,058 shares of the financial services provider’s stock after purchasing an additional 710 shares during the quarter. Intrust Bank NA’s holdings in MetLife were worth $2,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MET. Retirement Wealth Solutions LLC acquired a new stake in shares of MetLife in the 4th quarter worth $32,000. Sierra Ocean LLC purchased a new stake in shares of MetLife in the fourth quarter valued at about $32,000. Graney & King LLC acquired a new stake in MetLife during the fourth quarter worth about $34,000. Values First Advisors Inc. purchased a new position in MetLife during the fourth quarter worth about $36,000. Finally, Golden State Wealth Management LLC acquired a new position in MetLife in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Trading Down 4.6 %

NYSE MET opened at $79.19 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $53.95 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.65 and a beta of 1.04. The firm has a 50 day simple moving average of $83.29 and a 200-day simple moving average of $82.83. MetLife, Inc. has a one year low of $67.30 and a one year high of $89.05.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS 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 anticipate that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.545 per share. The ex-dividend date was Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.75%. MetLife’s dividend payout ratio (DPR) is 36.52%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MET shares. StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. raised their target price on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price target on MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. BMO Capital Markets assumed coverage on MetLife in a report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on shares of MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.58.

About MetLife

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.