Global Trust Asset Management LLC Invests $50,000 in MetLife, Inc. (NYSE:MET)

Global Trust Asset Management LLC purchased a new position in MetLife, Inc. (NYSE:MET) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 608 shares of the financial services provider’s stock, valued at approximately $50,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC increased its position in shares of MetLife by 244.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Carmichael Hill & Associates Inc. grew its stake in MetLife by 131.9% during the third 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 during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of MetLife by 374.3% in the third quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 277 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of MetLife in the 3rd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions 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 Analysts Forecast Growth

MET has been the topic of a number of recent analyst reports. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. 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 report on Friday, September 27th. Wells Fargo & Company dropped their target price on shares of 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 increased their price target on shares of MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Barclays boosted their price objective on shares of MetLife from $90.00 to $96.00 and gave the stock 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 company. According to data from MarketBeat, MetLife has a consensus rating of “Moderate Buy” and a consensus price target of $89.92.

MetLife Stock Down 1.3 %

Shares of MetLife stock opened at $85.78 on Thursday. The business has a fifty day simple moving average of $83.60 and a 200 day simple moving average of $79.78. The stock has a market cap of $59.39 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.66 and a beta of 1.07. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife, Inc. has a 12 month low of $64.61 and a 12 month high of $89.05.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders 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 dividend yield of 2.54%. MetLife’s dividend payout ratio (DPR) is presently 43.95%.

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.