Stock Yards Bank & Trust Co. Has $516,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

Stock Yards Bank & Trust Co. decreased its position in MetLife, Inc. (NYSE:MET) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,304 shares of the financial services provider’s stock after selling 500 shares during the period. Stock Yards Bank & Trust Co.’s holdings in MetLife were worth $516,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MET. MeadowBrook Investment Advisors LLC raised its position in shares of MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares during the period. Carmichael Hill & Associates Inc. raised its holdings in MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after buying an additional 186 shares during the period. Wolff Wiese Magana LLC lifted its stake in MetLife by 374.3% in the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after buying an additional 277 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of MetLife during the third quarter worth $30,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of MetLife during the fourth quarter worth $32,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Trading Down 1.2 %

MetLife stock opened at $85.48 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50-day simple moving average of $84.06 and a 200 day simple moving average of $80.54. The stock has a market capitalization of $59.18 billion, a P/E ratio of 17.23, a PEG ratio of 0.66 and a beta of 1.07. MetLife, Inc. has a 52 week low of $64.61 and a 52 week high of $89.05.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is presently 43.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. TD Cowen increased their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. BMO Capital Markets initiated coverage on MetLife in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 target price on the stock. Wells Fargo & Company reduced their price target on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, Barclays raised their target price on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.46.

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.