Assetmark Inc. Has $7.28 Million Position in MetLife, Inc. (NYSE:MET)

Assetmark Inc. decreased its holdings in MetLife, Inc. (NYSE:MET) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,937 shares of the financial services provider’s stock after selling 9,052 shares during the quarter. Assetmark Inc.’s holdings in MetLife were worth $7,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC raised its position in MetLife by 244.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of MetLife in the 3rd quarter valued at approximately $30,000. Sierra Ocean LLC acquired a new position in shares of MetLife in the 4th quarter worth approximately $32,000. Retirement Wealth Solutions LLC acquired a new position in shares of MetLife in the 4th quarter worth approximately $32,000. Finally, Coastline Trust Co acquired a new stake in MetLife in the 3rd quarter valued at $35,000. 94.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BMO Capital Markets started coverage on MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price objective for the company. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Wells Fargo & Company boosted their price target on shares of MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. TD Cowen raised their price objective on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays reduced their target price on MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.58.

MetLife Stock Up 0.1 %

NYSE:MET opened at $82.28 on Friday. The stock’s fifty day moving average price is $83.72 and its two-hundred day moving average price is $82.21. The company has a market cap of $56.05 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.65 and a beta of 1.04. MetLife, Inc. has a 52-week low of $67.30 and a 52-week high of $89.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. On average, analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s dividend payout ratio is 36.52%.

About MetLife

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.