Mn Services Vermogensbeheer B.V. Buys 4,800 Shares of MetLife, Inc. (NYSE:MET)

Mn Services Vermogensbeheer B.V. increased its stake in shares of MetLife, Inc. (NYSE:MET) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 247,300 shares of the financial services provider’s stock after purchasing an additional 4,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in MetLife were worth $20,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. MeadowBrook Investment Advisors LLC increased its position in MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 220 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its stake in shares of MetLife by 131.9% during the 3rd 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. Peterson Financial Group Inc. bought a new position in MetLife during the 3rd quarter valued at about $30,000. Retirement Wealth Solutions LLC purchased a new stake in MetLife in the 4th quarter worth about $32,000. Finally, Sierra Ocean LLC bought a new stake in MetLife in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

MetLife Trading Up 1.9 %

NYSE:MET opened at $84.08 on Friday. The firm has a 50-day simple moving average of $83.56 and a 200-day simple moving average of $81.72. MetLife, Inc. has a one year low of $67.30 and a one year high of $89.05. The firm has a market cap of $58.22 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.65 and a beta of 1.07. 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 (NYSE:MET) last issued its quarterly earnings data 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 net margin of 6.19% and a return on equity of 20.42%. Equities analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Announces Dividend

The business also recently declared 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 2.59%. The ex-dividend date is Tuesday, February 4th. MetLife’s payout ratio is 36.52%.

Analysts Set New Price Targets

MET has been the topic of a number of analyst reports. BMO Capital Markets assumed coverage on MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 target price on the stock. TD Cowen upped their price objective on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods decreased their target price on MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price target on shares of MetLife from $92.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and an average price target of $92.58.

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.