Royal Bank of Scotland Group PLC purchased a new position in shares of Metlife Inc (NYSE:MET) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,589 shares of the financial services provider’s stock, valued at approximately $283,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Farmers National Bank acquired a new position in Metlife during the second quarter worth $118,000. Ffcm LLC lifted its position in Metlife by 2,020.8% during the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after buying an additional 2,142 shares during the period. Sandy Spring Bank lifted its position in Metlife by 495.2% during the fourth quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,976 shares during the period. Cable Hill Partners LLC lifted its position in Metlife by 246.6% during the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,716 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in Metlife during the third quarter worth about $151,000. Institutional investors and hedge funds own 76.55% of the company’s stock.
Shares of Metlife Inc (NYSE MET) traded up $0.02 during midday trading on Thursday, hitting $46.73. The company had a trading volume of 814,274 shares, compared to its average volume of 8,119,010. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The company has a market cap of $47,563.91, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. Metlife Inc has a 1-year low of $43.38 and a 1-year high of $55.91.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s dividend payout ratio is presently 46.92%.
MET has been the topic of a number of research reports. Wells Fargo & Co cut their price objective on Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Deutsche Bank started coverage on Metlife in a research note on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price for the company. Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, November 9th. ValuEngine lowered Metlife from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Sandler O’Neill lowered Metlife from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.77.
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Metlife Company Profile
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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