MetLife, Inc. (NYSE:MET) Shares Acquired by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC grew its stake in shares of MetLife, Inc. (NYSE:MET) by 244.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 310 shares of the financial services provider’s stock after acquiring an additional 220 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in MetLife were worth $26,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MET. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of MetLife by 3.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,668 shares of the financial services provider’s stock valued at $1,292,000 after buying an additional 557 shares in the last quarter. Metis Global Partners LLC grew its position in MetLife by 12.5% in the third quarter. Metis Global Partners LLC now owns 37,304 shares of the financial services provider’s stock worth $3,077,000 after acquiring an additional 4,136 shares in the last quarter. Zions Bancorporation N.A. increased its stake in shares of MetLife by 11.1% during the 3rd quarter. Zions Bancorporation N.A. now owns 2,610 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 260 shares during the last quarter. Plato Investment Management Ltd raised its holdings in MetLife by 31.5% during the third quarter. Plato Investment Management Ltd now owns 24,683 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 5,916 shares in the last quarter. Finally, Main Street Financial Solutions LLC acquired a new stake in shares of MetLife in the third quarter worth about $234,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

MetLife Stock Performance

Shares of NYSE MET traded up $1.27 during trading hours on Thursday, reaching $83.29. The stock had a trading volume of 611,157 shares, compared to its average volume of 3,316,231. MetLife, Inc. has a twelve month low of $61.61 and a twelve month high of $86.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The business’s fifty day moving average is $81.30 and its two-hundred day moving average is $75.43. The company has a market cap of $57.67 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 0.75 and a beta of 1.05.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.62%. MetLife’s dividend payout ratio (DPR) is currently 43.95%.

Analyst Upgrades and Downgrades

MET has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. TD Cowen assumed coverage on shares of MetLife in a research note on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price objective for the company. Barclays lowered their target price on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Bank of America decreased their price target on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price objective on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $88.46.

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.