Alps Advisors Inc. raised its stake in Metlife Inc (NYSE:MET) by 9,943.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 907,988 shares of the financial services provider’s stock after acquiring an additional 898,947 shares during the period. Alps Advisors Inc.’s holdings in Metlife were worth $45,908,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MET. QS Investors LLC grew its position in shares of Metlife by 6.0% in the 2nd quarter. QS Investors LLC now owns 17,337 shares of the financial services provider’s stock valued at $952,000 after buying an additional 988 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Metlife by 409.2% in the 2nd quarter. Janus Henderson Group PLC now owns 860,424 shares of the financial services provider’s stock valued at $47,272,000 after buying an additional 691,432 shares during the last quarter. Point72 Europe London LLP bought a new stake in shares of Metlife in the 2nd quarter valued at about $8,659,000. Cubist Systematic Strategies LLC grew its position in shares of Metlife by 4,138.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 24,666 shares of the financial services provider’s stock valued at $1,355,000 after buying an additional 24,084 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC grew its position in shares of Metlife by 4.9% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 101,935 shares of the financial services provider’s stock valued at $5,600,000 after buying an additional 4,758 shares during the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.

Shares of Metlife Inc (NYSE:MET) opened at $46.20 on Wednesday. Metlife Inc has a 52-week low of $44.26 and a 52-week high of $55.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $48,620.00, a PE ratio of 100.43, a P/E/G ratio of 1.06 and a beta of 1.31.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.46%. Metlife’s payout ratio is 347.83%.

MET has been the topic of a number of analyst reports. ValuEngine lowered Metlife from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, November 9th. Wells Fargo & Co set a $62.00 price target on Metlife and gave the company a “buy” rating in a research report on Thursday, December 14th. Argus upped their price target on Metlife from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Metlife in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Metlife has an average rating of “Hold” and a consensus price target of $57.65.

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About Metlife

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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