Compagnie Lombard Odier SCmA Sells 17,283 Shares of MetLife, Inc. (NYSE:MET)

Compagnie Lombard Odier SCmA decreased its holdings in MetLife, Inc. (NYSE:MET) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 307,298 shares of the financial services provider’s stock after selling 17,283 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in MetLife were worth $25,162,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MET. MeadowBrook Investment Advisors LLC lifted its position in MetLife by 244.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its position in shares of MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after buying an additional 186 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of MetLife by 374.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after buying an additional 277 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of MetLife during the 3rd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of MetLife during the 4th quarter worth approximately $32,000. Institutional investors own 94.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MET. TD Cowen lifted their target price 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. Keefe, Bruyette & Woods dropped their target price on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets began coverage on shares of MetLife in a research report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 target price on the stock. Barclays decreased their price target on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.17.

MetLife Stock Down 0.4 %

MetLife stock opened at $82.41 on Friday. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The firm has a market capitalization of $57.06 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.64 and a beta of 1.07. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $83.54 and a 200 day simple moving average of $81.00.

MetLife (NYSE:MET) last released its quarterly earnings data 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%. On average, analysts predict that MetLife, Inc. will post 9.63 earnings per share for the current year.

MetLife Announces Dividend

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