Fjarde AP Fonden Fourth Swedish National Pension Fund Has $14.21 Million Holdings in MetLife, Inc. (NYSE:MET)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of MetLife, Inc. (NYSE:MET) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,515 shares of the financial services provider’s stock after selling 6,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in MetLife were worth $14,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MET. MeadowBrook Investment Advisors LLC boosted its stake in shares of MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. raised its holdings in MetLife by 131.9% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after buying an additional 186 shares during the last quarter. Peterson Financial Group Inc. bought a new position in MetLife in the 3rd quarter valued at 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 bought a new stake in MetLife during the 4th quarter worth approximately $32,000. Institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MET. Keefe, Bruyette & Woods dropped their price target on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. TD Cowen raised their target price on MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. BMO Capital Markets assumed coverage on MetLife in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price target on the stock. Barclays lowered their price objective on MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and an average price target of $92.58.

MetLife Price Performance

Shares of MET opened at $81.02 on Monday. The firm has a market cap of $56.10 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. MetLife, Inc. has a 52-week low of $67.30 and a 52-week high of $89.05. The business’s 50 day moving average price is $83.41 and its two-hundred day moving average price is $81.53. 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 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%. On average, equities analysts anticipate that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.69%. MetLife’s dividend payout ratio (DPR) is presently 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.