MetLife, Inc. (NYSE:MET) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of MetLife, Inc. (NYSE:METFree Report) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,474 shares of the financial services provider’s stock after selling 4,123 shares during the period. Mutual of America Capital Management LLC’s holdings in MetLife were worth $5,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of MetLife in the 4th quarter worth approximately $444,205,000. Franklin Resources Inc. boosted its position in shares of MetLife by 499.6% during the second quarter. Franklin Resources Inc. now owns 4,073,174 shares of the financial services provider’s stock worth $230,257,000 after buying an additional 3,393,875 shares during the period. Moneta Group Investment Advisors LLC acquired a new stake in shares of MetLife in the fourth quarter valued at $234,761,000. Cibc World Markets Corp raised its holdings in shares of MetLife by 1,582.0% in the 2nd quarter. Cibc World Markets Corp now owns 1,456,203 shares of the financial services provider’s stock valued at $82,319,000 after buying an additional 1,369,627 shares during the period. Finally, Bank of Nova Scotia lifted its stake in MetLife by 1,746.2% during the 2nd quarter. Bank of Nova Scotia now owns 1,297,337 shares of the financial services provider’s stock worth $73,335,000 after acquiring an additional 1,227,065 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

MetLife Stock Up 1.1 %

MetLife stock opened at $67.50 on Monday. The stock has a 50-day simple moving average of $67.14 and a 200-day simple moving average of $64.08. The company has a market capitalization of $49.96 billion, a P/E ratio of 36.89, a PEG ratio of 0.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.13 and a current ratio of 0.16. MetLife, Inc. has a fifty-two week low of $48.95 and a fifty-two week high of $73.12.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Tuesday, February 6th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, February 5th. MetLife’s payout ratio is currently 113.66%.

Analysts Set New Price Targets

A number of analysts have issued reports on MET shares. Barclays reiterated an “overweight” rating and set a $71.00 price target on shares of MetLife in a research note on Friday, November 17th. Morgan Stanley boosted their price target on shares of MetLife from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. The Goldman Sachs Group upgraded MetLife from a “neutral” rating to a “buy” rating and increased their price objective for the company from $70.00 to $80.00 in a research note on Monday, January 8th. UBS Group lowered their target price on MetLife from $87.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, Wells Fargo & Company reduced their price target on MetLife from $85.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, MetLife currently has an average rating of “Moderate Buy” and an average target price of $77.23.

Read Our Latest 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.

Featured Stories

Institutional Ownership by Quarter for MetLife (NYSE:MET)

Receive News & Ratings for MetLife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife and related companies with MarketBeat.com's FREE daily email newsletter.