MetLife, Inc. (NYSE:MET) Shares Purchased by DRW Securities LLC

DRW Securities LLC grew its position in shares of MetLife, Inc. (NYSE:MET) by 378.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,836 shares of the financial services provider’s stock after purchasing an additional 42,573 shares during the period. DRW Securities LLC’s holdings in MetLife were worth $4,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MET. MeadowBrook Investment Advisors LLC lifted its stake in shares of MetLife by 244.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares during the period. Carmichael Hill & Associates Inc. lifted its stake in shares of MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 186 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of MetLife by 374.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 277 shares during the period. Peterson Financial Group Inc. purchased a new position in shares of MetLife during the 3rd quarter worth $30,000. Finally, Fortitude Family Office LLC lifted its stake in shares of MetLife by 177.3% during the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 266 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MET has been the topic of several research reports. Morgan Stanley cut their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group raised their price objective on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their target price on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Bank of America lowered their target price on MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Fourteen analysts have rated the stock with a buy rating, According to data from MarketBeat, MetLife currently has a consensus rating of “Buy” and a consensus target price of $88.46.

MetLife Price Performance

Shares of NYSE:MET opened at $86.59 on Monday. MetLife, Inc. has a 12 month low of $62.81 and a 12 month high of $86.94. The stock has a market cap of $59.96 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 0.79 and a beta of 1.05. The stock’s 50 day moving average price is $82.48 and its 200 day moving average price is $76.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.52%. 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.