YorkBridge Wealth Partners LLC raised its holdings in Metlife Inc (NYSE:MET) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,566 shares of the financial services provider’s stock after purchasing an additional 224 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Metlife were worth $365,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MET. Jackson Grant Investment Advisers Inc. lifted its position in shares of Metlife by 4,407.7% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 586 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 573 shares during the period. JNBA Financial Advisors bought a new position in shares of Metlife during the 4th quarter worth approximately $26,000. Osborn Williams & Donohoe LLC bought a new position in shares of Metlife during the 1st quarter worth approximately $26,000. Bruderman Asset Management LLC bought a new position in shares of Metlife during the 4th quarter worth approximately $27,000. Finally, Berman Capital Advisors LLC bought a new position in shares of Metlife during the 4th quarter worth approximately $31,000. 75.74% of the stock is owned by hedge funds and other institutional investors.
NYSE MET opened at $48.55 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.24. Metlife Inc has a one year low of $37.76 and a one year high of $50.40. The company has a market capitalization of $45.93 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, May 7th will be paid a $0.44 dividend. This is a boost from Metlife’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Monday, May 6th. Metlife’s payout ratio is currently 32.65%.
A number of brokerages have issued reports on MET. ValuEngine upgraded shares of Metlife from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Wells Fargo & Co reissued a “buy” rating and set a $55.00 price target on shares of Metlife in a report on Wednesday, June 5th. Citigroup set a $42.00 price target on shares of Metlife and gave the stock a “sell” rating in a report on Thursday, May 23rd. Barclays increased their price target on shares of Metlife from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Finally, UBS Group increased their price target on shares of Metlife from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Metlife presently has an average rating of “Hold” and an average target price of $50.59.
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Metlife Company Profile
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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