TD Cowen Increases MetLife (NYSE:MET) Price Target to $99.00

MetLife (NYSE:MET) had its price objective upped by TD Cowen from $97.00 to $99.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

MET has been the subject of a number of other research reports. Barclays cut their price objective on MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Bank of America lowered their target price on MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. StockNews.com raised shares of MetLife from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Morgan Stanley dropped their price objective on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Finally, Jefferies Financial Group increased their price target on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Fourteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $88.62.

MetLife Price Performance

MET stock opened at $88.23 on Wednesday. The company has a market capitalization of $61.09 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.05. The company’s fifty day moving average price is $83.34 and its 200-day moving average price is $76.59. MetLife has a one year low of $63.02 and a one year high of $89.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.47%. MetLife’s payout ratio is 43.95%.

Institutional Trading of MetLife

A number of large investors have recently made changes to their positions in MET. B. Riley Wealth Advisors Inc. lifted its holdings in MetLife by 7.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,962 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 1,230 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of MetLife by 45.9% in the first quarter. Tidal Investments LLC now owns 22,324 shares of the financial services provider’s stock valued at $1,654,000 after purchasing an additional 7,024 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new position in MetLife during the 1st quarter worth $279,000. Atria Investments Inc lifted its holdings in shares of MetLife by 6.2% in the 1st quarter. Atria Investments Inc now owns 60,805 shares of the financial services provider’s stock worth $4,506,000 after buying an additional 3,559 shares during the period. Finally, Orleans Capital Management Corp LA increased its stake in shares of MetLife by 50.8% during the first quarter. Orleans Capital Management Corp LA now owns 26,673 shares of the financial services provider’s stock valued at $1,977,000 after buying an additional 8,986 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.