Janney Capital Management LLC Increases Stock Holdings in MetLife, Inc. (NYSE:MET)

Janney Capital Management LLC grew its holdings in shares of MetLife, Inc. (NYSE:METFree Report) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,577 shares of the financial services provider’s stock after purchasing an additional 3,296 shares during the quarter. Janney Capital Management LLC’s holdings in MetLife were worth $3,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MET. Tokio Marine Asset Management Co. Ltd. raised its holdings in MetLife by 5.8% during the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,921 shares of the financial services provider’s stock valued at $730,000 after buying an additional 703 shares during the period. Daiwa Securities Group Inc. increased its stake in MetLife by 38.3% in the third quarter. Daiwa Securities Group Inc. now owns 80,436 shares of the financial services provider’s stock worth $5,060,000 after purchasing an additional 22,269 shares during the period. Barclays PLC increased its stake in MetLife by 4.0% in the third quarter. Barclays PLC now owns 2,777,622 shares of the financial services provider’s stock worth $174,739,000 after purchasing an additional 107,870 shares during the period. California Public Employees Retirement System increased its stake in MetLife by 2.3% in the third quarter. California Public Employees Retirement System now owns 1,241,510 shares of the financial services provider’s stock worth $78,103,000 after purchasing an additional 27,592 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in MetLife by 0.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 181,895 shares of the financial services provider’s stock worth $10,283,000 after purchasing an additional 584 shares during the period. 88.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MET shares. The Goldman Sachs Group upgraded MetLife from a “neutral” rating to a “buy” rating and increased their target price for the stock from $70.00 to $80.00 in a research note on Monday, January 8th. Keefe, Bruyette & Woods cut their price target on MetLife from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, December 7th. UBS Group raised their price target on MetLife from $84.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Morgan Stanley raised their price target on MetLife from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Finally, Barclays restated an “overweight” rating and set a $71.00 price target on shares of MetLife in a research note on Friday, November 17th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.62.

Get Our Latest Stock Report on MetLife

MetLife Stock Down 0.7 %

Shares of MET stock opened at $64.98 on Monday. The stock has a 50 day moving average of $66.82 and a 200 day moving average of $63.91. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.53. The stock has a market cap of $48.10 billion, a P/E ratio of 36.04, a P/E/G ratio of 0.54 and a beta of 1.04. MetLife, Inc. has a twelve month low of $48.95 and a twelve month high of $73.12.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Tuesday, February 6th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Monday, February 5th. MetLife’s dividend payout ratio is currently 113.66%.

MetLife Company Profile

(Free Report)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; 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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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