Cibc World Markets Corp Sells 22,549 Shares of MetLife, Inc. (NYSE:MET)

Cibc World Markets Corp lowered its holdings in shares of MetLife, Inc. (NYSE:MET) by 19.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 92,391 shares of the financial services provider’s stock after selling 22,549 shares during the period. Cibc World Markets Corp’s holdings in MetLife were worth $7,565,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC purchased a new stake in MetLife during the fourth quarter valued at about $32,000. Sierra Ocean LLC purchased a new stake in MetLife during the 4th quarter valued at about $32,000. Values First Advisors Inc. bought a new position in MetLife during the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC purchased a new position in MetLife in the 4th quarter worth approximately $44,000. Finally, Atala Financial Inc bought a new stake in MetLife in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

MET has been the topic of several recent analyst reports. Cowen restated a “buy” rating on shares of MetLife in a report on Friday, March 7th. BMO Capital Markets assumed coverage on shares of MetLife in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price objective on the stock. Keefe, Bruyette & Woods dropped their target price on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Morgan Stanley boosted their price target on MetLife from $101.00 to $109.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, MetLife currently has an average rating of “Moderate Buy” and an average target price of $94.58.

MetLife Stock Performance

Shares of MET stock opened at $81.58 on Wednesday. The company’s fifty day moving average price is $83.44 and its 200-day moving average price is $82.56. The stock has a market cap of $55.58 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.65 and a beta of 1.04. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. MetLife, Inc. has a 12 month low of $67.30 and a 12 month 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 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%. On average, equities analysts expect that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, February 4th. MetLife’s payout ratio is 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.