NuWave Investment Management LLC bought a new stake in Metlife Inc (NYSE:MET) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,534 shares of the financial services provider’s stock, valued at approximately $684,000.

Several other large investors also recently added to or reduced their stakes in MET. Janus Henderson Group PLC increased its holdings in shares of Metlife by 409.2% in the second quarter. Janus Henderson Group PLC now owns 860,424 shares of the financial services provider’s stock valued at $47,272,000 after purchasing an additional 691,432 shares during the period. Advisory Services Network LLC grew its holdings in Metlife by 19.8% during the second quarter. Advisory Services Network LLC now owns 9,665 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 1,596 shares during the period. Cetera Investment Advisers grew its holdings in Metlife by 7.6% during the second quarter. Cetera Investment Advisers now owns 21,600 shares of the financial services provider’s stock worth $1,186,000 after acquiring an additional 1,528 shares during the period. Sentry Investment Management LLC grew its holdings in Metlife by 0.8% during the second quarter. Sentry Investment Management LLC now owns 82,321 shares of the financial services provider’s stock worth $4,523,000 after acquiring an additional 690 shares during the period. Finally, RNC Capital Management LLC grew its holdings in Metlife by 3.9% during the second quarter. RNC Capital Management LLC now owns 427,056 shares of the financial services provider’s stock worth $23,462,000 after acquiring an additional 16,100 shares during the period. 76.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Metlife Inc (NYSE:MET) opened at $44.61 on Monday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $46,943.06, a price-to-earnings ratio of -89.22, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. Metlife Inc has a 12-month low of $43.38 and a 12-month high of $55.91.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.59%. Metlife’s payout ratio is -320.00%.

MET has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Metlife from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective (up previously from $56.00) on shares of Metlife in a report on Friday, November 3rd. Sandler O’Neill lowered Metlife from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Deutsche Bank initiated coverage on Metlife in a report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective on the stock. Finally, Wells Fargo & Co dropped their price objective on Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $57.65.

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About Metlife

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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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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