Pathstone Family Office LLC Raises Stock Position in MetLife, Inc. (NYSE:MET)

Pathstone Family Office LLC grew its holdings in MetLife, Inc. (NYSE:METFree Report) by 113.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,665 shares of the financial services provider’s stock after acquiring an additional 15,260 shares during the period. Pathstone Family Office LLC’s holdings in MetLife were worth $1,805,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MET. DHJJ Financial Advisors Ltd. purchased a new position in shares of MetLife in the 3rd quarter valued at $25,000. FWL Investment Management LLC purchased a new position in shares of MetLife in the 4th quarter valued at $26,000. Larson Financial Group LLC increased its stake in MetLife by 47.6% during the 2nd quarter. Larson Financial Group LLC now owns 484 shares of the financial services provider’s stock worth $27,000 after buying an additional 156 shares during the period. Eagle Bay Advisors LLC purchased a new stake in MetLife during the 2nd quarter worth $28,000. Finally, Studio Investment Management LLC purchased a new stake in MetLife during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

MetLife Trading Up 1.1 %

NYSE MET opened at $67.50 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.13 and a current ratio of 0.16. The company has a 50-day simple moving average of $67.14 and a 200-day simple moving average of $64.07. The firm has a market capitalization of $49.96 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. MetLife, Inc. has a one year low of $48.95 and a one year high of $73.12.

MetLife Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MET shares. Barclays reaffirmed an “overweight” rating and set a $71.00 price target on shares of MetLife in a research note on Friday, November 17th. The Goldman Sachs Group raised shares of MetLife from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $80.00 in a report on Monday, January 8th. Keefe, Bruyette & Woods decreased their price objective on shares of MetLife from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, December 7th. Morgan Stanley raised their price objective on shares of MetLife from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, UBS Group decreased their price objective on shares of MetLife from $87.00 to $82.00 and set a “buy” rating for the company in a report on Monday, February 5th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.23.

Get Our Latest Research 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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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