MetLife, Inc. (NYSE:MET) Shares Acquired by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC boosted its position in shares of MetLife, Inc. (NYSE:MET) by 55.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,128 shares of the financial services provider’s stock after purchasing an additional 6,128 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in MetLife were worth $1,402,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. MeadowBrook Investment Advisors LLC boosted its stake 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 last quarter. Carmichael Hill & Associates Inc. raised its holdings in shares of MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 186 shares during the period. Wolff Wiese Magana LLC lifted its position in MetLife by 374.3% during 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. acquired a new stake in MetLife in the 3rd quarter valued at $30,000. Finally, Retirement Wealth Solutions LLC acquired a new position in MetLife during the 4th quarter worth approximately $32,000. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

MetLife Trading Up 1.2 %

NYSE:MET opened at $86.82 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $60.11 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. MetLife, Inc. has a 1-year low of $64.61 and a 1-year high of $89.05. The stock has a fifty day simple moving average of $83.68 and a 200 day simple moving average of $79.82.

MetLife Announces Dividend

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 given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is 43.95%.

Wall Street Analyst Weigh In

MET has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. TD Cowen boosted their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. raised their price target on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, BMO Capital Markets began coverage on shares of MetLife in a research report on Thursday. They issued a “market perform” rating and a $97.00 target price for the company. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.