United Services Automobile Association Has $1.13 Million Stock Holdings in MetLife, Inc. (NYSE:MET)

United Services Automobile Association lowered its position in shares of MetLife, Inc. (NYSE:MET) by 4.8% in the fourth quarter, Holdings Channel reports. The firm owned 13,771 shares of the financial services provider’s stock after selling 699 shares during the period. United Services Automobile Association’s holdings in MetLife were worth $1,128,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. United Asset Strategies Inc. raised its position in shares of MetLife by 1.1% in the fourth quarter. United Asset Strategies Inc. now owns 10,933 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 120 shares during the period. Barrett & Company Inc. raised its holdings in MetLife by 1.0% in the 4th quarter. Barrett & Company Inc. now owns 11,942 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 121 shares during the period. Great Valley Advisor Group Inc. lifted its position in MetLife by 1.3% during the third quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock worth $781,000 after acquiring an additional 123 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of MetLife by 2.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,044 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 126 shares during the period. Finally, Davis R M Inc. grew its position in shares of MetLife by 4.2% in the fourth quarter. Davis R M Inc. now owns 3,148 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MET shares. Keefe, Bruyette & Woods dropped their price target on MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on MetLife from $92.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Barclays decreased their target price on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MetLife presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.58.

MetLife Stock Down 0.5 %

NYSE MET opened at $82.33 on Monday. The business has a fifty day moving average price of $83.48 and a two-hundred day moving average price of $82.67. The stock has a market capitalization of $56.09 billion, a PE ratio of 13.79, a PEG ratio of 0.65 and a beta of 1.04. MetLife, Inc. has a fifty-two week low of $67.30 and a fifty-two week high of $89.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife (NYSE:MET) last released its quarterly earnings data 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%. Equities analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, February 4th. MetLife’s payout ratio is 36.52%.

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.