BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Trims Position in MetLife, Inc. (NYSE:MET)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in MetLife, Inc. (NYSE:MET) by 14.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,875 shares of the financial services provider’s stock after selling 16,847 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in MetLife were worth $8,320,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MET. Great Valley Advisor Group Inc. boosted its holdings in shares of MetLife by 1.3% in the third quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock worth $781,000 after buying an additional 123 shares during the last quarter. Abacus Planning Group Inc. grew its position in shares of MetLife by 1.0% during the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock valued at $1,015,000 after acquiring an additional 127 shares during the period. First Commonwealth Financial Corp PA increased its stake in shares of MetLife by 0.8% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider’s stock worth $1,375,000 after purchasing an additional 133 shares in the last quarter. Avestar Capital LLC raised its holdings in MetLife by 3.2% in the 3rd quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 133 shares during the period. Finally, Financial Management Professionals Inc. lifted its position in MetLife by 2.0% during the third quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 136 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

MetLife Stock Down 0.0 %

NYSE MET opened at $88.23 on Monday. The stock has a 50 day moving average price of $83.34 and a 200-day moving average price of $76.61. MetLife, Inc. has a one year low of $63.02 and a one year high of $89.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $61.09 billion, a P/E ratio of 17.79, a P/E/G ratio of 0.81 and a beta of 1.05.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.47%. MetLife’s payout ratio is currently 43.95%.

Analyst Upgrades and Downgrades

MET has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company lifted their price target on shares of MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. TD Cowen upped their target price on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays decreased their price target on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $88.62.

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.