New Mexico Educational Retirement Board boosted its holdings in Metlife Inc (NYSE:MET) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,187 shares of the financial services provider’s stock after acquiring an additional 3,300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Metlife were worth $5,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Dallas Securities Inc. acquired a new stake in Metlife in the 4th quarter valued at approximately $111,000. Ffcm LLC increased its position in Metlife by 2,020.8% in the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 2,142 shares during the period. Sandy Spring Bank increased its position in Metlife by 495.2% in the 4th quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 1,976 shares during the period. Cable Hill Partners LLC increased its position in Metlife by 246.6% in the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,716 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in Metlife in the 3rd quarter valued at approximately $151,000. Hedge funds and other institutional investors own 76.55% of the company’s stock.

Several analysts recently commented on MET shares. Goldman Sachs Group started coverage on Metlife in a research report on Wednesday, October 18th. They issued a “conviction-buy” rating and a $61.00 target price on the stock. ValuEngine cut 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 report on Tuesday, January 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price (up from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Finally, Deutsche Bank started coverage on Metlife in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $57.65.

Metlife Inc (MET) opened at $45.20 on Wednesday. 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 stock has a market capitalization of $46,953.58, a price-to-earnings ratio of -90.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. Metlife Inc has a one year low of $43.38 and a one year high of $55.91.

Metlife (NYSE:MET) last issued its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. During the same period in the prior year, the business earned $1.28 EPS. equities research analysts predict that Metlife Inc will post 4.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Friday, February 2nd. Metlife’s payout ratio is currently -320.00%.

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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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