Stratos Wealth Advisors LLC Has $919,000 Stake in MetLife, Inc. (NYSE:MET)

Stratos Wealth Advisors LLC lowered its stake in MetLife, Inc. (NYSE:MET) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,225 shares of the financial services provider’s stock after selling 134 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in MetLife were worth $919,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC increased its stake in shares of MetLife by 244.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after buying an additional 220 shares during the period. Carmichael Hill & Associates Inc. increased its position in MetLife by 131.9% in the third 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 raised its holdings in 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 last quarter. Peterson Financial Group Inc. acquired a new position in MetLife during the 3rd quarter valued at about $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of MetLife in the 4th quarter valued at about $32,000. Institutional investors own 94.99% of the company’s stock.

MetLife Trading Down 1.7 %

Shares of NYSE:MET opened at $83.58 on Friday. The firm has a market cap of $57.87 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.66 and a beta of 1.07. MetLife, Inc. has a 12 month low of $66.02 and a 12 month high of $89.05. The company’s fifty day simple moving average is $83.90 and its 200 day simple moving average is $80.71. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51.

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 analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a net margin of 5.27% and a return on equity of 20.01%. As a group, research analysts forecast that MetLife, Inc. will post 8.18 EPS for the current fiscal year.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders 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 dividend yield of 2.61%. MetLife’s dividend payout ratio is currently 43.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Wells Fargo & Company reduced their price target on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Barclays upped their price objective on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, TD Cowen lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and an average price target of $91.17.

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.