Metlife Inc (MET) Shares Bought by Snow Capital Management LP
Snow Capital Management LP increased its position in Metlife Inc (NYSE:MET) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,204,905 shares of the financial services provider’s stock after acquiring an additional 53,883 shares during the quarter. Metlife accounts for about 2.7% of Snow Capital Management LP’s investment portfolio, making the stock its 15th biggest holding. Snow Capital Management LP’s holdings in Metlife were worth $60,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of MET. First Dallas Securities Inc. purchased a new position in Metlife during the fourth quarter valued at $111,000. Ffcm LLC lifted its position in Metlife by 2,020.8% during the third 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 in the last quarter. Sandy Spring Bank lifted its position in Metlife by 495.2% during the fourth 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 in the last quarter. Valeo Financial Advisors LLC purchased a new position in Metlife during the third quarter valued at $151,000. Finally, Fieldpoint Private Securities LLC purchased a new position in Metlife during the third quarter valued at $175,000. 76.62% of the stock is owned by institutional investors.
Shares of Metlife Inc (NYSE:MET) opened at $45.50 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market capitalization of $47,167.26, a PE ratio of 9.17, a P/E/G ratio of 0.92 and a beta of 1.28. Metlife Inc has a 52-week low of $43.38 and a 52-week high of $55.91.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.52%. Metlife’s dividend payout ratio is currently 46.92%.
Several research firms recently weighed in on MET. UBS Group reiterated a “neutral” rating and set a $51.00 target price (down from $52.00) on shares of Metlife in a research report on Friday. Wells Fargo & Co reiterated a “buy” rating and set a $60.00 target price on shares of Metlife in a research report on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $56.00 target price on shares of Metlife in a research report on Friday, February 23rd. Morgan Stanley lowered their target price on Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 14th. Finally, B. Riley reiterated a “neutral” rating on shares of Metlife in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $57.71.
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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