MetLife, Inc. (NYSE:MET) Shares Bought by Forte Capital LLC ADV

Forte Capital LLC ADV boosted its holdings in shares of MetLife, Inc. (NYSE:MET) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,252 shares of the financial services provider’s stock after purchasing an additional 1,835 shares during the period. Forte Capital LLC ADV’s holdings in MetLife were worth $3,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFG Investments LLC lifted its position in MetLife by 8.9% during the third quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 520 shares during the period. CX Institutional lifted its position in MetLife by 15.9% during the fourth quarter. CX Institutional now owns 68,005 shares of the financial services provider’s stock valued at $5,568,000 after purchasing an additional 9,337 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MetLife during the third quarter valued at $2,960,000. Meeder Asset Management Inc. lifted its position in MetLife by 48,101.4% during the third quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock valued at $8,746,000 after purchasing an additional 105,823 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in MetLife during the third quarter valued at $1,074,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MET. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price objective on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company lifted 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. Finally, BMO Capital Markets began coverage on shares of MetLife in a report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.58.

MetLife Stock Down 0.3 %

MET stock opened at $82.82 on Friday. The stock has a market capitalization of $57.34 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.65 and a beta of 1.07. The firm has a 50-day simple moving average of $83.45 and a 200-day simple moving average of $81.26. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54. MetLife, Inc. has a 52 week low of $67.30 and a 52 week high of $89.05.

MetLife (NYSE:MET) last released its 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 return on equity of 20.42% and a net margin of 6.19%. Equities analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors 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 yield of 2.63%. MetLife’s dividend payout ratio is presently 36.52%.

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.