May Hill Capital LLC Invests $231,000 in MetLife, Inc. (NYSE:MET)

May Hill Capital LLC purchased a new position in MetLife, Inc. (NYSE:MET) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,824 shares of the financial services provider’s stock, valued at approximately $231,000.

Other large investors also recently bought and sold shares of the company. United Asset Strategies Inc. increased its stake in shares of MetLife by 1.1% in the 4th quarter. United Asset Strategies Inc. now owns 10,933 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 120 shares in the last quarter. Barrett & Company Inc. increased its position in MetLife by 1.0% during the fourth quarter. Barrett & Company Inc. now owns 11,942 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 121 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in MetLife by 2.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 6,044 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 126 shares during the last quarter. Davis R M Inc. grew its holdings in shares of MetLife by 4.2% during the 4th quarter. Davis R M Inc. now owns 3,148 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 127 shares during the period. Finally, Daymark Wealth Partners LLC increased its position in shares of MetLife by 3.0% during the fourth quarter. Daymark Wealth Partners LLC now owns 5,091 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their price target on MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Friday, February 7th. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Wells Fargo & Company boosted their target price on MetLife from $92.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Cowen reaffirmed a “buy” rating on shares of MetLife in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.58.

MetLife Trading Up 1.1 %

NYSE MET opened at $81.18 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $55.30 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.65 and a beta of 1.04. The business has a 50 day simple moving average of $83.04 and a 200 day simple moving average of $83.01. MetLife, Inc. has a one year low of $67.30 and a one year high of $89.05.

MetLife (NYSE:MET) last released 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 net margin of 6.19% and a return on equity of 20.42%. Research analysts expect that MetLife, Inc. will post 9.65 earnings per share for the current year.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th were given a $0.545 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.69%. MetLife’s payout ratio is 36.52%.

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.