State of Alaska Department of Revenue grew its position in Metlife Inc (NYSE:MET) by 406.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,811 shares of the financial services provider’s stock after buying an additional 83,296 shares during the quarter. State of Alaska Department of Revenue’s holdings in Metlife were worth $5,245,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of MET. Beach Investment Management LLC. purchased a new stake in Metlife in the second quarter valued at about $1,471,000. HPM Partners LLC increased its holdings in shares of Metlife by 2.9% in the second quarter. HPM Partners LLC now owns 32,742 shares of the financial services provider’s stock valued at $1,799,000 after purchasing an additional 915 shares during the period. AMG Funds LLC increased its holdings in shares of Metlife by 0.7% in the second quarter. AMG Funds LLC now owns 31,352 shares of the financial services provider’s stock valued at $1,722,000 after purchasing an additional 220 shares during the period. Bfsg LLC acquired a new position in shares of Metlife in the second quarter valued at about $237,000. Finally, Dai Ichi Life Insurance Company Ltd increased its holdings in shares of Metlife by 49.1% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 140,168 shares of the financial services provider’s stock valued at $7,701,000 after purchasing an additional 46,175 shares during the period. Institutional investors and hedge funds own 76.55% of the company’s stock.
Shares of Metlife Inc (NYSE MET) traded up $0.01 during midday trading on Monday, reaching $44.62. The company’s stock had a trading volume of 9,886,366 shares, compared to its average volume of 7,940,000. Metlife Inc has a 12 month low of $43.38 and a 12 month high of $55.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $46,950.00, a P/E ratio of 97.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s payout ratio is currently 347.83%.
MET has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on Metlife in a report on Wednesday, October 18th. They set a “conviction-buy” rating and a $61.00 target price on the stock. ValuEngine lowered Metlife from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research lowered Metlife from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price (up previously from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Finally, Deutsche Bank began coverage on Metlife in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Metlife has an average rating of “Hold” and a consensus price target of $57.65.
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MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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