Pinnacle Wealth Management Advisory Group LLC Sells 127 Shares of MetLife, Inc. (NYSE:MET)

Pinnacle Wealth Management Advisory Group LLC reduced its stake in MetLife, Inc. (NYSE:MET) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,970 shares of the financial services provider’s stock after selling 127 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in MetLife were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. J.W. Cole Advisors Inc. raised its stake in MetLife by 2.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,044 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 126 shares in the last quarter. Csenge Advisory Group increased its position in shares of MetLife by 8.8% during the 4th quarter. Csenge Advisory Group now owns 13,516 shares of the financial services provider’s stock worth $1,107,000 after purchasing an additional 1,095 shares in the last quarter. Allworth Financial LP increased its position in shares of MetLife by 114.3% during the 4th quarter. Allworth Financial LP now owns 10,276 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 5,481 shares in the last quarter. Principal Securities Inc. boosted its position in MetLife by 5.9% in the fourth quarter. Principal Securities Inc. now owns 8,168 shares of the financial services provider’s stock valued at $669,000 after buying an additional 456 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC grew its stake in MetLife by 35.3% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 4,362 shares of the financial services provider’s stock worth $357,000 after buying an additional 1,137 shares during the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MET. TD Cowen boosted their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barclays reduced their price objective on MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods lowered their target price on MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of MetLife in a research report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target on the stock. Finally, Wells Fargo & Company lowered their price objective on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, MetLife presently has an average rating of “Moderate Buy” and a consensus target price of $92.17.

MetLife Price Performance

Shares of MET stock opened at $81.78 on Tuesday. The firm’s 50 day moving average price is $83.41 and its two-hundred day moving average price is $81.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a 52-week low of $67.30 and a 52-week high of $89.05. The stock has a market cap of $56.63 billion, a PE ratio of 13.70, a PEG ratio of 0.64 and a beta of 1.07.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (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%. As a group, analysts forecast that MetLife, Inc. will post 9.63 EPS for the current year.

MetLife Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.67%. MetLife’s payout ratio is currently 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.