Stephens Inc. AR decreased its position in shares of Metlife Inc (NYSE:MET) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 137,354 shares of the financial services provider’s stock after selling 3,246 shares during the period. Stephens Inc. AR’s holdings in Metlife were worth $6,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aspen Investment Management Inc raised its position in Metlife by 0.7% during the second quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 50 shares in the last quarter. Fairfield Bush & CO. raised its position in Metlife by 1.7% during the second quarter. Fairfield Bush & CO. now owns 6,150 shares of the financial services provider’s stock valued at $338,000 after purchasing an additional 100 shares in the last quarter. Sentry Investment Management LLC raised its position 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 valued at $4,523,000 after purchasing an additional 690 shares in the last quarter. QS Investors LLC raised its position in Metlife by 6.0% during the second quarter. QS Investors LLC now owns 17,337 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 988 shares in the last quarter. Finally, Cowen Prime Services LLC raised its position in Metlife by 16.0% during the third quarter. Cowen Prime Services LLC now owns 7,250 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.

Metlife Inc (NYSE:MET) opened at $46.20 on Wednesday. Metlife Inc has a 12 month low of $44.26 and a 12 month high of $55.91. The stock has a market capitalization of $48,290.00, a PE ratio of 8.82, a PEG ratio of 1.03 and a beta of 1.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.16.

The firm also recently announced 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. The ex-dividend date is Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.46%. Metlife’s payout ratio is presently -320.00%.

A number of equities research analysts have weighed in on MET shares. Goldman Sachs Group started coverage on Metlife in a research report on Wednesday, October 18th. They set a “conviction-buy” rating and a $61.00 price target on the stock. ValuEngine downgraded Metlife from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research cut Metlife from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective (up from $56.00) on shares of Metlife in a research note on Friday, November 3rd. Finally, FBR & Co cut Metlife from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $53.00 to $52.00 in a research note on Tuesday, October 10th. 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. Metlife currently has an average rating of “Hold” and a consensus price target of $57.65.

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Metlife Profile

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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