Bokf Na Has $513,000 Stock Holdings in MetLife, Inc. (NYSE:MET)

Bokf Na decreased its position in MetLife, Inc. (NYSE:MET) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 6,395 shares of the financial services provider’s stock after selling 348 shares during the quarter. Bokf Na’s holdings in MetLife were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Transce3nd LLC acquired a new position in MetLife during the 4th quarter worth $26,000. Quarry LP acquired a new position in shares of MetLife during the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new stake in MetLife during the 4th quarter valued at approximately $32,000. Retirement Wealth Solutions LLC acquired a new stake in MetLife in the 4th quarter valued at approximately $32,000. Finally, Graney & King LLC bought a new position in MetLife in the 4th quarter worth approximately $34,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MET has been the subject of a number of research reports. Wells Fargo & Company increased their price target on shares of MetLife from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays lowered their price target on MetLife from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Cowen reiterated a “buy” rating on shares of MetLife in a research report on Friday, March 7th. UBS Group upped their target price on MetLife from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Finally, StockNews.com upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.69.

MetLife Stock Up 0.3 %

Shares of MET opened at $77.82 on Friday. The business’s 50 day simple moving average is $77.09 and its 200-day simple moving average is $81.24. MetLife, Inc. has a one year low of $65.21 and a one year high of $89.05. The company has a market capitalization of $52.24 billion, a P/E ratio of 13.04, a PEG ratio of 0.65 and a beta of 0.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife (NYSE:MET) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $1.96 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.04). The business had revenue of $18.57 billion for the quarter, compared to the consensus estimate of $18.06 billion. MetLife had a return on equity of 20.42% and a net margin of 6.19%. MetLife’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 EPS. As a group, sell-side analysts predict that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.5675 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.92%. This is a positive change from MetLife’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, May 6th. MetLife’s dividend payout ratio is presently 36.91%.

MetLife declared that its Board of Directors has approved a share buyback plan on Wednesday, April 30th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

MetLife Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.