MetLife, Inc. (NYSE:MET) Stock Position Cut by Logan Capital Management Inc.

Logan Capital Management Inc. trimmed its stake in shares of MetLife, Inc. (NYSE:MET) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,928 shares of the financial services provider’s stock after selling 497 shares during the quarter. Logan Capital Management Inc.’s holdings in MetLife were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC raised its holdings in MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. raised its stake in shares of MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after buying an additional 186 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after buying an additional 277 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of MetLife in the third quarter valued at $30,000. Finally, Fortitude Family Office LLC boosted its stake in MetLife by 177.3% during the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock valued at $34,000 after buying an additional 266 shares in the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MET has been the subject of a number of research analyst reports. TD Cowen upped their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley reduced their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Wells Fargo & Company lifted their price target on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note 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. Finally, Barclays decreased their target price on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Fourteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MetLife presently has an average rating of “Buy” and a consensus price target of $88.62.

MetLife Stock Down 0.3 %

MetLife stock opened at $82.99 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05. The firm’s fifty day simple moving average is $83.77 and its 200-day simple moving average is $77.33. The company has a market capitalization of $57.46 billion, a P/E ratio of 16.73, a P/E/G ratio of 0.74 and a beta of 1.06.

MetLife Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a yield of 2.63%. 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.