Elo Mutual Pension Insurance Co Purchases 5,975 Shares of MetLife, Inc. (NYSE:MET)

Elo Mutual Pension Insurance Co raised its position in MetLife, Inc. (NYSE:MET) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,331 shares of the financial services provider’s stock after acquiring an additional 5,975 shares during the period. Elo Mutual Pension Insurance Co’s holdings in MetLife were worth $4,858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MET. Retirement Wealth Solutions LLC acquired a new stake in shares of MetLife in the 4th quarter worth $32,000. Sierra Ocean LLC acquired a new stake in MetLife in the fourth quarter worth about $32,000. Graney & King LLC purchased a new stake in shares of MetLife during the fourth quarter worth about $34,000. Values First Advisors Inc. purchased a new stake in shares of MetLife during the fourth quarter worth about $36,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of MetLife in the 4th quarter valued at approximately $44,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

MetLife Stock Down 1.0 %

MET stock opened at $83.10 on Friday. The firm’s fifty day moving average is $83.44 and its 200 day moving average is $82.80. The firm has a market cap of $56.61 billion, a PE ratio of 13.92, a P/E/G ratio of 0.65 and a beta of 1.04. MetLife, Inc. has a one year low of $67.30 and a one year high of $89.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. On average, research analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.62%. MetLife’s dividend payout ratio (DPR) is 36.52%.

Analyst Ratings Changes

Several analysts have weighed in on MET shares. Barclays cut their price target on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods cut their target price on MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their price target on MetLife from $92.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. BMO Capital Markets assumed coverage on MetLife in a report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price objective on the stock. Finally, Morgan Stanley upped their target price on MetLife from $101.00 to $109.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, MetLife has an average rating of “Moderate Buy” and an average target price of $94.58.

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.