New York State Teachers Retirement System Sells 10,881 Shares of MetLife, Inc. $MET

New York State Teachers Retirement System trimmed its position in shares of MetLife, Inc. (NYSE:METFree Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 505,543 shares of the financial services provider’s stock after selling 10,881 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of MetLife worth $39,908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MET. Providence Capital Advisors LLC bought a new position in shares of MetLife in the third quarter worth about $6,649,000. Thrivent Financial for Lutherans lifted its holdings in shares of MetLife by 8.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,176,469 shares of the financial services provider’s stock worth $96,905,000 after buying an additional 96,523 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of MetLife by 2.6% in the fourth quarter. Nordea Investment Management AB now owns 4,630,165 shares of the financial services provider’s stock valued at $366,524,000 after acquiring an additional 117,545 shares during the period. Varma Mutual Pension Insurance Co grew its stake in shares of MetLife by 21.9% in the third quarter. Varma Mutual Pension Insurance Co now owns 137,956 shares of the financial services provider’s stock worth $11,363,000 after acquiring an additional 24,800 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in MetLife by 256.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 62,662 shares of the financial services provider’s stock worth $5,161,000 after acquiring an additional 45,100 shares during the period. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Key Headlines Impacting MetLife

Here are the key news stories impacting MetLife this week:

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays reduced their target price on shares of MetLife from $92.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Wells Fargo & Company decreased their price target on shares of MetLife from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Bank of America lowered their target price on shares of MetLife from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen raised MetLife from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, UBS Group raised their target price on MetLife from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold 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 $93.38.

Check Out Our Latest Stock Report on MetLife

MetLife Trading Up 0.2%

Shares of MET opened at $80.29 on Friday. MetLife, Inc. has a 52-week low of $67.33 and a 52-week high of $83.85. The company has a market cap of $52.36 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 0.71 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a fifty day moving average price of $73.14 and a two-hundred day moving average price of $76.60.

MetLife (NYSE:METGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.15. MetLife had a net margin of 4.38% and a return on equity of 21.81%. The business had revenue of $52.44 billion for the quarter, compared to the consensus estimate of $31.43 billion. During the same quarter in the prior year, the company earned $2.08 EPS. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. Analysts predict that MetLife, Inc. will post 9.85 EPS for the current fiscal year.

MetLife Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 12th will be given a $0.5925 dividend. The ex-dividend date is Tuesday, May 12th. This is a positive change from MetLife’s previous quarterly dividend of $0.57. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. MetLife’s dividend payout ratio is 48.30%.

About MetLife

(Free Report)

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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