KMG Fiduciary Partners LLC Has $4.46 Million Position in MetLife, Inc. (NYSE:MET)

KMG Fiduciary Partners LLC raised its position in shares of MetLife, Inc. (NYSE:MET) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 54,513 shares of the financial services provider’s stock after purchasing an additional 3,257 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in MetLife were worth $4,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MET. Zurich Insurance Group Ltd FI acquired a new stake in shares of MetLife during the 3rd quarter worth approximately $91,771,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of MetLife by 79.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock worth $142,378,000 after buying an additional 762,291 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of MetLife by 256.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 948,223 shares of the financial services provider’s stock worth $78,209,000 after buying an additional 682,333 shares during the period. Nordea Investment Management AB grew its position in shares of MetLife by 16.8% during the 4th quarter. Nordea Investment Management AB now owns 4,238,087 shares of the financial services provider’s stock worth $347,735,000 after buying an additional 608,224 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in shares of MetLife by 347.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 432,887 shares of the financial services provider’s stock worth $30,384,000 after purchasing an additional 336,127 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

Analysts Set New Price Targets

MET has been the topic of a number of recent research reports. TD Cowen increased their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barclays raised their price objective on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Jefferies Financial Group raised their price objective on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company dropped their price objective on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.92.

MetLife Trading Up 1.1 %

NYSE MET opened at $85.90 on Friday. The stock has a market capitalization of $59.48 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.59 and a beta of 1.07. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The business’s fifty day moving average is $83.19 and its 200-day moving average is $79.24.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.54%. The ex-dividend date is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

MetLife 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.