Jacobi Capital Management LLC Has $1.41 Million Stock Position in MetLife, Inc. (NYSE:MET)

Jacobi Capital Management LLC boosted its stake in shares of MetLife, Inc. (NYSE:MET) by 15.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,169 shares of the financial services provider’s stock after buying an additional 2,295 shares during the period. Jacobi Capital Management LLC’s holdings in MetLife were worth $1,406,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC raised its holdings in MetLife by 244.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after buying an additional 220 shares during the period. Carmichael Hill & Associates Inc. raised its holdings in MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after buying an additional 186 shares during the period. Peterson Financial Group Inc. acquired a new stake in MetLife during the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in MetLife during the 4th quarter worth approximately $32,000. Finally, Sierra Ocean LLC acquired a new stake in MetLife during the 4th quarter worth approximately $32,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

MetLife Price Performance

Shares of MET opened at $86.16 on Friday. The company has a market cap of $58.69 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.65 and a beta of 1.07. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The company’s fifty day simple moving average is $83.65 and its 200 day simple moving average is $81.91. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54.

MetLife (NYSE:MET) last issued its earnings results 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%. On average, research analysts forecast that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.53%. MetLife’s dividend payout ratio (DPR) is 36.52%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. TD Cowen lifted their price objective on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays lowered their price objective on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley lifted their price objective on shares of MetLife from $101.00 to $109.00 and gave the company an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, MetLife has a consensus rating of “Moderate Buy” and a consensus price target of $94.58.

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.