Bartlett & CO. Wealth Management LLC Sells 125 Shares of MetLife, Inc. (NYSE:MET)

Bartlett & CO. Wealth Management LLC cut its position in MetLife, Inc. (NYSE:MET) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,084 shares of the financial services provider’s stock after selling 125 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in MetLife were worth $1,399,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MET. SG Americas Securities LLC lifted its position in MetLife by 107.5% during the fourth quarter. SG Americas Securities LLC now owns 30,542 shares of the financial services provider’s stock valued at $2,501,000 after acquiring an additional 435,807 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in MetLife by 3.0% in the fourth quarter. Daymark Wealth Partners LLC now owns 5,091 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 149 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of MetLife during the fourth quarter worth $50,000. Nisa Investment Advisors LLC boosted its position in shares of MetLife by 0.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 205,916 shares of the financial services provider’s stock worth $16,860,000 after purchasing an additional 631 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in MetLife by 13.0% during the 4th quarter. Simon Quick Advisors LLC now owns 4,194 shares of the financial services provider’s stock valued at $343,000 after buying an additional 483 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. TD Cowen raised their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barclays boosted their price objective on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. BMO Capital Markets assumed coverage on MetLife in a research report on Thursday. They set a “market perform” rating and a $97.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on MetLife from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.46.

MetLife Trading Up 1.2 %

Shares of NYSE:MET opened at $86.82 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 12-month low of $64.61 and a 12-month high of $89.05. The business has a 50 day moving average of $83.68 and a two-hundred day moving average of $79.82. The company has a market capitalization of $60.11 billion, a PE ratio of 17.50, a PEG ratio of 0.66 and a beta of 1.07.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) 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.