1ST Source Bank Sells 323 Shares of MetLife, Inc. (NYSE:MET)

1ST Source Bank trimmed its holdings in MetLife, Inc. (NYSE:MET) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,786 shares of the financial services provider’s stock after selling 323 shares during the quarter. 1ST Source Bank’s holdings in MetLife were worth $3,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MET. Peterson Financial Group Inc. purchased a new stake in MetLife during the 3rd quarter valued at about $30,000. Retirement Wealth Solutions LLC purchased a new stake in MetLife during the 4th quarter valued at about $32,000. Sierra Ocean LLC purchased a new stake in MetLife during the 4th quarter valued at about $32,000. Coastline Trust Co purchased a new stake in MetLife during the 3rd quarter valued at about $35,000. Finally, Values First Advisors Inc. purchased a new stake in MetLife during the 4th quarter valued at about $36,000. 94.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of MetLife in a research report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price objective on the stock. Barclays dropped their price target on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. TD Cowen raised 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. Finally, Wells Fargo & Company raised their price target on shares of MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.58.

MetLife Stock Performance

MET opened at $80.62 on Monday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. The company has a market cap of $54.92 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.65 and a beta of 1.04. The company’s 50 day moving average is $83.44 and its 200 day moving average is $82.50. MetLife, Inc. has a 12-month low of $67.30 and a 12-month high of $89.05.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. On average, equities research analysts predict that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, February 4th. MetLife’s payout ratio is 36.52%.

MetLife Company 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.