United Services Automobile Association Has $1.13 Million Position in MetLife, Inc. (NYSE:MET)

United Services Automobile Association trimmed its holdings in shares of MetLife, Inc. (NYSE:MET) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,771 shares of the financial services provider’s stock after selling 699 shares during the period. United Services Automobile Association’s holdings in MetLife were worth $1,128,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MET. Sierra Ocean LLC bought a new position in MetLife during the fourth quarter worth about $32,000. Retirement Wealth Solutions LLC acquired a new position in shares of MetLife in the 4th quarter worth approximately $32,000. Values First Advisors Inc. bought a new position in shares of MetLife during the 4th quarter worth approximately $36,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in MetLife in the 4th quarter valued at $48,000. Finally, Golden State Wealth Management LLC bought a new stake in MetLife in the fourth quarter valued at $44,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of analyst reports. Cowen reissued a “buy” rating on shares of MetLife in a report on Friday, March 7th. Barclays reduced their price target on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets assumed coverage on shares of MetLife in a report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price objective for the company. Morgan Stanley boosted their target price on MetLife from $101.00 to $109.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.58.

MetLife Trading Down 0.5 %

MET stock opened at $82.33 on Monday. The business has a fifty day moving average of $83.48 and a 200-day moving average of $82.67. The company has a market cap of $56.09 billion, a P/E ratio of 13.79, a PEG ratio of 0.65 and a beta of 1.04. MetLife, Inc. has a twelve month low of $67.30 and a twelve month high of $89.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54.

MetLife (NYSE:MET) last released its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (EPS) 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%. As a group, equities research analysts expect that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th were paid a $0.545 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.65%. MetLife’s payout ratio is presently 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.