2,592 Shares in MetLife, Inc. (NYSE:MET) Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC acquired a new position in MetLife, Inc. (NYSE:MET) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,592 shares of the financial services provider’s stock, valued at approximately $212,000.

Other institutional investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in MetLife in the 4th quarter valued at about $32,000. Sierra Ocean LLC acquired a new stake in MetLife in the 4th quarter valued at about $32,000. Values First Advisors Inc. acquired a new stake in MetLife in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new stake in MetLife in the 4th quarter valued at about $44,000. Finally, Atala Financial Inc acquired a new stake in MetLife in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analysts Set New Price Targets

MET has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Barclays cut their price target on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Cowen restated a “buy” rating on shares of MetLife in a report on Friday, March 7th. Keefe, Bruyette & Woods cut their price objective on MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Morgan Stanley boosted their price objective on MetLife from $101.00 to $109.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.58.

MetLife Price Performance

NYSE MET 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 company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $56.09 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.65 and a beta of 1.04. MetLife, Inc. has a 52-week low of $67.30 and a 52-week high of $89.05.

MetLife (NYSE:MET) last posted its quarterly earnings results 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 return on equity of 20.42% and a net margin of 6.19%. Equities research analysts predict that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is 36.52%.

About MetLife

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.