MetLife, Inc. (NYSE:MET) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB grew its holdings in MetLife, Inc. (NYSE:MET) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,446 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in MetLife were worth $2,165,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Czech National Bank raised its holdings in shares of MetLife by 5.3% in the third quarter. Czech National Bank now owns 119,837 shares of the financial services provider’s stock worth $9,884,000 after acquiring an additional 6,007 shares during the last quarter. Handelsbanken Fonder AB increased its position in MetLife by 50.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 109,120 shares of the financial services provider’s stock worth $9,000,000 after purchasing an additional 36,367 shares in the last quarter. GAMMA Investing LLC raised its stake in MetLife by 29.6% in the 3rd quarter. GAMMA Investing LLC now owns 7,323 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 1,672 shares during the last quarter. Diversified Trust Co lifted its holdings in MetLife by 93.3% in the 3rd quarter. Diversified Trust Co now owns 28,276 shares of the financial services provider’s stock valued at $2,332,000 after purchasing an additional 13,651 shares in the last quarter. Finally, New England Research & Management Inc. purchased a new stake in shares of MetLife during the third quarter worth about $204,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MET has been the topic of several recent analyst reports. BMO Capital Markets assumed coverage on shares of MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price objective on the stock. Wells Fargo & Company lowered their price objective on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. StockNews.com downgraded MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Barclays raised their price target on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, TD Cowen upped their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.46.

MetLife Stock Performance

Shares of MET stock opened at $84.65 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The company has a market cap of $58.61 billion, a PE ratio of 17.07, a P/E/G ratio of 0.66 and a beta of 1.07. The company’s fifty day simple moving average is $84.03 and its 200-day simple moving average is $80.61. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio is presently 43.95%.

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.