4,680 Shares in Metlife Inc (MET) Purchased by Allegis Investment Advisors LLC
Allegis Investment Advisors LLC acquired a new stake in shares of Metlife Inc (NYSE:MET) during the fourth quarter, Holdings Channel reports. The fund acquired 4,680 shares of the financial services provider’s stock, valued at approximately $237,000.
A number of other institutional investors also recently modified their holdings of MET. Farmers National Bank purchased a new position in Metlife during the 2nd quarter valued at $118,000. Ffcm LLC increased its position in Metlife by 2,020.8% during the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 2,142 shares during the period. Sandy Spring Bank increased its position in Metlife by 495.2% during the 4th quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 1,976 shares during the period. Cable Hill Partners LLC increased its position in Metlife by 246.6% during the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,716 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in Metlife during the 3rd quarter valued at $151,000. 76.36% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on MET shares. Zacks Investment Research raised shares of Metlife from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, November 9th. Deutsche Bank started coverage on shares of Metlife in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price on the stock. ValuEngine downgraded shares of Metlife from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Sandler O’Neill downgraded shares of Metlife from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Wells Fargo & Co reduced their target price on shares of Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.65.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s payout ratio is 347.83%.
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MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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