Butensky & Cohen Financial Security Inc. Grows Stock Position in MetLife, Inc. (NYSE:MET)

Butensky & Cohen Financial Security Inc. increased its holdings in MetLife, Inc. (NYSE:MET) by 0.5% in the 4th quarter, HoldingsChannel reports. The fund owned 64,633 shares of the financial services provider’s stock after purchasing an additional 321 shares during the quarter. MetLife makes up approximately 1.7% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 15th biggest holding. Butensky & Cohen Financial Security Inc.’s holdings in MetLife were worth $5,292,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MET. MeadowBrook Investment Advisors LLC grew its holdings in shares of MetLife by 244.4% during the 3rd 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. lifted its position in MetLife by 131.9% in the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after buying an additional 186 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in MetLife by 374.3% during the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after buying an additional 277 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of MetLife during the third quarter valued at about $30,000. Finally, Fortitude Family Office LLC raised its stake in shares of MetLife by 177.3% in the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 266 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.

MetLife Trading Up 1.1 %

MET opened at $86.83 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a one year low of $64.61 and a one year high of $89.05. The company has a market cap of $60.12 billion, a P/E ratio of 17.51, a PEG ratio of 0.59 and a beta of 1.07. The business’s 50-day simple moving average is $83.29 and its 200-day simple moving average is $79.29.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.51%. MetLife’s dividend payout ratio is currently 43.95%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TD Cowen lifted their target price on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company dropped their price objective on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Jefferies Financial Group increased their price objective on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and an average target price of $89.92.

About MetLife

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.