1ST Source Bank Sells 323 Shares of MetLife, Inc. (NYSE:MET)

1ST Source Bank lowered its stake in shares of MetLife, Inc. (NYSE:MET) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,786 shares of the financial services provider’s stock after selling 323 shares during the quarter. 1ST Source Bank’s holdings in MetLife were worth $3,913,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CX Institutional increased its position in MetLife by 15.9% in the fourth quarter. CX Institutional now owns 68,005 shares of the financial services provider’s stock worth $5,568,000 after purchasing an additional 9,337 shares during the last quarter. Bank of New York Mellon Corp increased its position in MetLife by 109.2% in the fourth quarter. Bank of New York Mellon Corp now owns 8,826,658 shares of the financial services provider’s stock worth $722,727,000 after purchasing an additional 4,606,748 shares during the last quarter. Smartleaf Asset Management LLC increased its position in MetLife by 27.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 13,692 shares of the financial services provider’s stock worth $1,116,000 after purchasing an additional 2,940 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MetLife by 1.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 776,244 shares of the financial services provider’s stock worth $63,559,000 after buying an additional 12,723 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MetLife during the third quarter worth $2,960,000. Institutional investors own 94.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MET shares. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Wells Fargo & Company lifted their price objective on shares of MetLife from $92.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Barclays dropped their price objective on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Morgan Stanley boosted their target price on shares of MetLife from $101.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, BMO Capital Markets began coverage on shares of MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 target price for the company. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.58.

MetLife Stock Up 3.8 %

NYSE:MET opened at $80.62 on Monday. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The company has a 50-day moving average of $83.44 and a 200 day moving average of $82.50. The firm has a market cap of $54.92 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.04. 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 released its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. As a group, research analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, February 4th. MetLife’s dividend payout ratio (DPR) is presently 36.52%.

MetLife Company 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.