MetLife, Inc. (NYSE:MET) Shares Acquired by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC grew its stake in shares of MetLife, Inc. (NYSE:MET) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,848 shares of the financial services provider’s stock after acquiring an additional 218 shares during the quarter. Chesley Taft & Associates LLC’s holdings in MetLife were worth $1,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its holdings in shares of MetLife by 2.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 11,297 shares of the financial services provider’s stock worth $793,000 after buying an additional 220 shares during the last quarter. Sei Investments Co. increased its position in shares of MetLife by 20.3% in the 2nd quarter. Sei Investments Co. now owns 411,610 shares of the financial services provider’s stock valued at $28,888,000 after acquiring an additional 69,553 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in MetLife by 314.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 29,553 shares of the financial services provider’s stock worth $2,074,000 after acquiring an additional 22,428 shares during the last quarter. ProShare Advisors LLC lifted its position in MetLife by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 125,806 shares of the financial services provider’s stock worth $8,830,000 after acquiring an additional 608 shares during the period. Finally, Frank Rimerman Advisors LLC grew its stake in MetLife by 4,706.4% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,518 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 4,424 shares during the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MET. Wells Fargo & Company reduced their price objective on MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. TD Cowen raised their price target on shares of MetLife from $97.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Jefferies Financial Group increased their price objective on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Barclays boosted their target price on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.92.

MetLife Trading Up 0.1 %

MET stock opened at $86.88 on Wednesday. MetLife, Inc. has a 52-week low of $64.61 and a 52-week 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 0.51. The firm has a market cap of $60.16 billion, a P/E ratio of 17.52, a PEG ratio of 0.64 and a beta of 1.07. The company’s 50-day simple moving average is $83.51 and its 200-day simple moving average is $79.66.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders 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 yield of 2.51%. MetLife’s dividend payout ratio is currently 43.95%.

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.