MetLife, Inc. (NYSE:MET) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of MetLife, Inc. (NYSE:METFree Report) by 7.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 499,284 shares of the financial services provider’s stock after selling 41,478 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in MetLife were worth $31,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in MetLife by 1.1% during the second quarter. BlackRock Inc. now owns 55,059,523 shares of the financial services provider’s stock valued at $3,112,515,000 after buying an additional 578,699 shares in the last quarter. Morgan Stanley increased its holdings in shares of MetLife by 3.7% during the 4th quarter. Morgan Stanley now owns 11,584,674 shares of the financial services provider’s stock valued at $838,383,000 after acquiring an additional 418,477 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of MetLife by 6.2% in the 1st quarter. Macquarie Group Ltd. now owns 7,466,099 shares of the financial services provider’s stock valued at $432,585,000 after acquiring an additional 436,260 shares in the last quarter. Norges Bank acquired a new stake in MetLife in the 4th quarter worth approximately $444,205,000. Finally, Pzena Investment Management LLC boosted its position in MetLife by 10.8% during the second quarter. Pzena Investment Management LLC now owns 4,634,543 shares of the financial services provider’s stock worth $261,991,000 after purchasing an additional 452,240 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

MetLife Stock Up 1.1 %

Shares of MET stock opened at $67.50 on Friday. The stock has a market cap of $49.96 billion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.16 and a quick ratio of 0.13. The stock has a fifty day moving average price of $67.14 and a 200 day moving average price of $64.07. MetLife, Inc. has a one year low of $48.95 and a one year high of $73.12.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Tuesday, February 6th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $2.08 annualized dividend and a dividend yield of 3.08%. MetLife’s dividend payout ratio (DPR) is currently 113.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MET shares. Morgan Stanley lifted their price target on shares of MetLife from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Barclays reiterated an “overweight” rating and issued a $71.00 target price on shares of MetLife in a report on Friday, November 17th. UBS Group decreased their price target on shares of MetLife from $87.00 to $82.00 and set a “buy” rating for the company in a report on Monday, February 5th. Wells Fargo & Company dropped their price objective on MetLife from $85.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods cut their price objective on MetLife from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, MetLife presently has an average rating of “Moderate Buy” and an average target price of $77.23.

Get Our Latest Research Report on MetLife

About MetLife

(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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