HUB Investment Partners LLC Invests $212,000 in MetLife, Inc. (NYSE:MET)

HUB Investment Partners LLC bought a new position in shares of MetLife, Inc. (NYSE:MET) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,592 shares of the financial services provider’s stock, valued at approximately $212,000.

Other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in shares of MetLife during the fourth quarter worth $32,000. Sierra Ocean LLC acquired a new position in shares of MetLife during the fourth quarter worth $32,000. Values First Advisors Inc. acquired a new position in shares of MetLife during the fourth quarter worth $36,000. Golden State Wealth Management LLC bought a new stake in shares of MetLife in the fourth quarter worth $44,000. Finally, Atala Financial Inc bought a new stake in shares of MetLife in the fourth quarter worth $45,000. 94.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MET shares. Cowen restated a “buy” rating on shares of MetLife in a research note on Friday, March 7th. Barclays dropped their price target on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. TD Cowen lifted their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of MetLife from $92.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.58.

MetLife Stock Down 0.5 %

MetLife stock opened at $82.33 on Friday. The company has a 50-day simple moving average of $83.48 and a 200-day simple moving average of $82.64. The firm has a market capitalization of $56.09 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.65 and a beta of 1.04. 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 one year low of $67.30 and a one year high of $89.05.

MetLife (NYSE:MET) last released its quarterly 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%. As a group, equities analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.545 per share. The ex-dividend date was Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.65%. MetLife’s dividend payout ratio is currently 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.