NEOS Investment Management LLC Has $3 Million Holdings in MetLife, Inc. (NYSE:MET)

NEOS Investment Management LLC raised its holdings in MetLife, Inc. (NYSE:MET) by 31.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,601 shares of the financial services provider’s stock after acquiring an additional 8,709 shares during the period. NEOS Investment Management LLC’s holdings in MetLife were worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Elo Mutual Pension Insurance Co increased its stake in MetLife by 11.2% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 59,331 shares of the financial services provider’s stock worth $4,858,000 after purchasing an additional 5,975 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of MetLife by 6.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 926,974 shares of the financial services provider’s stock valued at $76,207,000 after buying an additional 56,341 shares during the period. Graney & King LLC bought a new stake in shares of MetLife during the fourth quarter worth $34,000. Financial Engines Advisors L.L.C. acquired a new stake in shares of MetLife during the fourth quarter worth $216,000. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of MetLife by 140.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 52,522 shares of the financial services provider’s stock worth $4,301,000 after acquiring an additional 30,682 shares during the period. 94.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of research reports. Wells Fargo & Company increased their target price on MetLife from $92.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective on MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Morgan Stanley boosted their target price on MetLife from $101.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Barclays reduced their price target on MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.58.

MetLife Stock Performance

Shares of MET stock opened at $79.19 on Friday. The company has a fifty day moving average price of $83.29 and a two-hundred day moving average price of $82.83. MetLife, Inc. has a one year low of $67.30 and a one year high of $89.05. The stock has a market cap of $53.95 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. As a group, equities analysts predict that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Tuesday, February 4th. MetLife’s payout ratio is presently 36.52%.

MetLife Company 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.