Stonebridge Financial Group LLC Purchases Shares of 915 MetLife, Inc. (NYSE:MET)

Stonebridge Financial Group LLC purchased a new stake in MetLife, Inc. (NYSE:MET) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 915 shares of the financial services provider’s stock, valued at approximately $75,000.

Several other large investors also recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC increased its holdings in 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 in the last quarter. Carmichael Hill & Associates Inc. boosted its position in shares of MetLife by 131.9% during the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after buying an additional 186 shares during the period. Wolff Wiese Magana LLC grew its holdings in shares of MetLife by 374.3% during the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after buying an additional 277 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in MetLife in the 3rd quarter valued at approximately $30,000. Finally, Retirement Wealth Solutions LLC bought a new stake in MetLife in the 4th quarter valued at approximately $32,000. Institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MET shares. Keefe, Bruyette & Woods decreased their price target on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Barclays cut their price target on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. TD Cowen raised their price objective on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.17.

MetLife Trading Down 0.5 %

MetLife stock opened at $82.77 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50-day simple moving average of $83.59 and a 200 day simple moving average of $80.98. The stock has a market capitalization of $57.31 billion, a P/E ratio of 13.86, a PEG ratio of 0.64 and a beta of 1.07. MetLife, Inc. has a 52 week low of $67.04 and a 52 week high of $89.05.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. Analysts expect that MetLife, Inc. will post 9.63 earnings per share for the current year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is presently 36.52%.

MetLife Company 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.