Mutual of America Capital Management LLC Has $5.57 Million Position in MetLife, Inc. (NYSE:MET)

Mutual of America Capital Management LLC lowered its stake in MetLife, Inc. (NYSE:METFree Report) by 4.5% during the third quarter, HoldingsChannel.com reports. The institutional investor 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 SEC filing.

Several other large investors also recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of MetLife by 5.8% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,921 shares of the financial services provider’s stock valued at $730,000 after purchasing an additional 703 shares during the period. Daiwa Securities Group Inc. raised its position in MetLife by 38.3% during the third quarter. Daiwa Securities Group Inc. now owns 80,436 shares of the financial services provider’s stock worth $5,060,000 after acquiring an additional 22,269 shares in the last quarter. Barclays PLC grew its position in shares of MetLife by 4.0% in the 3rd quarter. Barclays PLC now owns 2,777,622 shares of the financial services provider’s stock valued at $174,739,000 after acquiring an additional 107,870 shares during the period. California Public Employees Retirement System increased its stake in shares of MetLife by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,241,510 shares of the financial services provider’s stock worth $78,103,000 after purchasing an additional 27,592 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of MetLife by 0.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 181,895 shares of the financial services provider’s stock valued at $10,283,000 after purchasing an additional 584 shares during the period. Institutional investors own 88.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group dropped their price objective on MetLife from $87.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Barclays reaffirmed an “overweight” rating and set a $71.00 price objective on shares of MetLife in a research report on Friday, November 17th. Wells Fargo & Company dropped their price objective on shares of MetLife from $85.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Morgan Stanley increased their price target on shares of MetLife from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective on MetLife from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.23.

Read Our Latest Stock Report on MET

MetLife Stock Performance

NYSE:MET opened at $67.50 on Monday. 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. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 0.56 and a beta of 1.04. The stock has a fifty day moving average price of $67.14 and a 200-day moving average price of $64.08.

MetLife Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, February 5th. This represents a $2.08 dividend on an annualized basis and a yield of 3.08%. MetLife’s payout ratio is 113.66%.

About MetLife

(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.

See Also

Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MetLife, Inc. (NYSE:METFree Report).

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.