MetLife, Inc. (NYSE:MET) Stock Position Increased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. raised its position in shares of MetLife, Inc. (NYSE:MET) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 16,869 shares of the financial services provider’s stock after acquiring an additional 750 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in MetLife were worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MET. 1832 Asset Management L.P. grew its position in MetLife by 79.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,344 shares of the financial services provider’s stock valued at $94,000 after buying an additional 593 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in MetLife by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,826 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 1,151 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in MetLife by 56.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,722 shares of the financial services provider’s stock valued at $8,263,000 after acquiring an additional 42,603 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of MetLife during the second quarter valued at approximately $240,000. Finally, AQR Capital Management LLC boosted its stake in MetLife by 11.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,247,795 shares of the financial services provider’s stock worth $87,583,000 after purchasing an additional 132,982 shares during the period. Institutional investors own 94.99% of the company’s stock.

MetLife Stock Performance

NYSE:MET opened at $86.82 on Friday. The firm has a market capitalization of $60.11 billion, a PE ratio of 17.50, a PEG ratio of 0.65 and a beta of 1.07. 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 $83.68 and its 200 day simple moving average is $79.82.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.51%. MetLife’s dividend payout ratio is presently 43.95%.

Analysts Set New Price Targets

MET has been the subject of a number of research analyst reports. Barclays increased their target price on MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. TD Cowen raised their price objective on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. BMO Capital Markets began coverage on shares of MetLife in a research report on Thursday. They set a “market perform” rating and a $97.00 price objective on the stock. Finally, Jefferies Financial Group lifted their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.46.

About MetLife

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.