Genesee Valley Trust Co. cut its holdings in shares of Metlife Inc (NYSE:MET) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,613 shares of the financial services provider’s stock after selling 1,272 shares during the quarter. Genesee Valley Trust Co.’s holdings in Metlife were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aspen Investment Management Inc grew its holdings in shares of Metlife by 0.7% during the 2nd quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 50 shares during the period. Fairfield Bush & CO. grew its holdings in shares of Metlife by 1.7% during the 2nd quarter. Fairfield Bush & CO. now owns 6,150 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 100 shares during the period. Sentry Investment Management LLC grew its holdings in shares of Metlife by 0.8% during the 2nd quarter. Sentry Investment Management LLC now owns 82,321 shares of the financial services provider’s stock worth $4,523,000 after purchasing an additional 690 shares during the period. QS Investors LLC grew its holdings in shares of Metlife by 6.0% during the 2nd quarter. QS Investors LLC now owns 17,337 shares of the financial services provider’s stock worth $952,000 after purchasing an additional 988 shares during the period. Finally, Cowen Prime Services LLC grew its holdings in shares of Metlife by 16.0% during the 3rd quarter. Cowen Prime Services LLC now owns 7,250 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 76.36% of the company’s stock.

Metlife Inc (NYSE:MET) opened at $46.26 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $48,616.21, a PE ratio of -92.52, a PEG ratio of 1.03 and a beta of 1.31. Metlife Inc has a 52 week low of $44.26 and a 52 week high of $55.91.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s payout ratio is presently -320.00%.

A number of equities analysts have recently weighed in on MET shares. Goldman Sachs Group started coverage on Metlife in a report on Wednesday, October 18th. They set a “conviction-buy” rating and a $61.00 price target for the company. ValuEngine cut Metlife from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research cut Metlife from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price (up from $56.00) on shares of Metlife in a report on Friday, November 3rd. Finally, Deutsche Bank started coverage on Metlife in a report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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