CIBC Asset Management Inc Has $8.70 Million Holdings in MetLife, Inc. (NYSE:MET)

CIBC Asset Management Inc raised its holdings in MetLife, Inc. (NYSE:MET) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,287 shares of the financial services provider’s stock after buying an additional 1,536 shares during the quarter. CIBC Asset Management Inc’s holdings in MetLife were worth $8,703,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PFG Investments LLC lifted its stake in MetLife by 8.9% in the third quarter. PFG Investments LLC now owns 6,360 shares of the financial services provider’s stock valued at $525,000 after buying an additional 520 shares during the period. CX Institutional lifted its stake in MetLife by 15.9% in the fourth quarter. CX Institutional now owns 68,005 shares of the financial services provider’s stock valued at $5,568,000 after buying an additional 9,337 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MetLife in the third quarter valued at approximately $2,960,000. Meeder Asset Management Inc. lifted its stake in MetLife by 48,101.4% in the third quarter. Meeder Asset Management Inc. now owns 106,043 shares of the financial services provider’s stock valued at $8,746,000 after buying an additional 105,823 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in MetLife in the third quarter valued at approximately $1,074,000. 94.99% of the stock is owned by institutional investors and hedge funds.

MetLife Stock Up 0.8 %

Shares of NYSE:MET opened at $82.31 on Wednesday. The company has a market capitalization of $57.00 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The business has a fifty day moving average price of $83.40 and a two-hundred day moving average price of $81.15. MetLife, Inc. has a 1 year low of $67.30 and a 1 year high of $89.05.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. Analysts forecast that MetLife, Inc. will post 9.63 earnings per share for the current year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.65%. MetLife’s dividend payout ratio (DPR) is presently 36.52%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. upped their target price on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. TD Cowen upped their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, BMO Capital Markets initiated coverage on MetLife in a research report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.17.

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.