MetLife, Inc. (NYSE:MET) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its position in MetLife, Inc. (NYSE:METFree Report) by 7.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,052 shares of the financial services provider’s stock after selling 7,315 shares during the period. Blair William & Co. IL’s holdings in MetLife were worth $5,917,000 at the end of the most recent reporting period.

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

MetLife Trading Up 1.6 %

Shares of NYSE MET opened at $68.55 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.53. MetLife, Inc. has a twelve month low of $48.95 and a twelve month high of $73.12. The company’s fifty day moving average is $67.22 and its 200-day moving average is $64.13. The stock has a market cap of $50.74 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 0.56 and a beta of 1.04.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Tuesday, February 6th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $2.08 annualized dividend and a dividend yield of 3.03%. MetLife’s dividend payout ratio (DPR) is currently 113.66%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MET shares. Keefe, Bruyette & Woods decreased their price target on shares of MetLife from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, December 7th. Morgan Stanley upped their target price on shares of MetLife from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. The Goldman Sachs Group upgraded shares of MetLife from a “neutral” rating to a “buy” rating and raised their price target for the stock from $70.00 to $80.00 in a research report on Monday, January 8th. Wells Fargo & Company cut their price objective on shares of MetLife from $85.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Finally, UBS Group cut their price target on MetLife from $87.00 to $82.00 and set a “buy” rating for the company in a report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.23.

Check Out Our Latest Research Report on MET

MetLife 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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