M Holdings Securities Inc. Purchases New Shares in MetLife, Inc. (NYSE:MET)

M Holdings Securities Inc. purchased a new stake in shares of MetLife, Inc. (NYSE:METGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,936 shares of the financial services provider’s stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New England Professional Planning Group Inc. acquired a new stake in shares of MetLife in the first quarter valued at about $602,000. Riverview Trust Co purchased a new position in shares of MetLife in the first quarter worth about $36,000. Stonebridge Capital Advisors LLC lifted its stake in shares of MetLife by 91.1% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 535 shares of the financial services provider’s stock worth $33,000 after buying an additional 255 shares in the last quarter. Cornerstone Advisory LLC purchased a new position in shares of MetLife in the fourth quarter worth about $36,000. Finally, Sandy Spring Bank lifted its stake in shares of MetLife by 51.4% in the first quarter. Sandy Spring Bank now owns 680 shares of the financial services provider’s stock worth $48,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 86.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MET has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of MetLife from $75.00 to $74.00 in a research note on Monday, July 11th. Wolfe Research raised shares of MetLife from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $70.00 to $74.00 in a research note on Wednesday, June 22nd. Barclays set a $75.00 target price on shares of MetLife in a research note on Tuesday, July 19th. Evercore ISI lifted their price target on shares of MetLife to $81.00 in a research report on Tuesday, August 9th. Finally, Credit Suisse Group lifted their price objective on shares of MetLife from $68.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, August 22nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.92.

MetLife Stock Down 0.9 %

MET stock opened at $65.08 on Monday. The company has a fifty day moving average price of $64.26 and a 200 day moving average price of $65.58. MetLife, Inc. has a 12 month low of $57.05 and a 12 month high of $73.18. The company has a market cap of $52.92 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.13 and a quick ratio of 0.13.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Tuesday, August 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 3.07%. MetLife’s payout ratio is currently 49.75%.

Insiders Place Their Bets

In other MetLife news, EVP Steven J. Goulart sold 4,060 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $67.60, for a total transaction of $274,456.00. Following the completion of the transaction, the executive vice president now owns 55,299 shares in the company, valued at approximately $3,738,212.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by insiders.

MetLife Company Profile

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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.

See Also

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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