Miramar Capital LLC Invests $229,000 in MetLife, Inc. (NYSE:MET)

Miramar Capital LLC acquired a new stake in MetLife, Inc. (NYSE:MET) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,772 shares of the financial services provider’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its position in shares of MetLife by 4.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,117 shares of the financial services provider’s stock worth $972,000 after buying an additional 501 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in MetLife by 1.3% in the first quarter. Orion Portfolio Solutions LLC now owns 29,942 shares of the financial services provider’s stock valued at $2,219,000 after acquiring an additional 397 shares during the period. First Foundation Advisors bought a new position in shares of MetLife during the first quarter valued at approximately $72,000. Nicolet Advisory Services LLC raised its position in shares of MetLife by 12.5% during the 1st quarter. Nicolet Advisory Services LLC now owns 6,148 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 685 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of MetLife by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 59,622,348 shares of the financial services provider’s stock worth $4,418,612,000 after purchasing an additional 1,974,268 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MET. Barclays lowered their price objective on MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Morgan Stanley lowered their price target on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Bank of America cut their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. TD Cowen assumed coverage on shares of MetLife in a research report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 target price for the company. Finally, Citigroup lifted their price target on MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Fourteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $88.46.

MetLife Trading Up 0.9 %

Shares of MetLife stock opened at $83.33 on Friday. MetLife, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $86.94. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The firm has a market cap of $57.70 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. The business has a fifty day simple moving average of $81.60 and a 200-day simple moving average of $75.56.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.62%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio is presently 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.