Tokio Marine Asset Management Co. Ltd. lowered its position in Metlife Inc (NYSE:MET) by 31.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,222 shares of the financial services provider’s stock after selling 2,429 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Metlife were worth $264,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MET. Janus Henderson Group PLC increased its stake in shares of Metlife by 409.2% in the second 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 period. Sterling Capital Management LLC increased its stake in shares of Metlife by 296.1% in the second quarter. Sterling Capital Management LLC now owns 108,438 shares of the financial services provider’s stock valued at $5,958,000 after buying an additional 81,064 shares during the period. Schafer Cullen Capital Management Inc. increased its stake in shares of Metlife by 6.3% in the second quarter. Schafer Cullen Capital Management Inc. now owns 2,212,401 shares of the financial services provider’s stock valued at $121,549,000 after buying an additional 132,050 shares during the period. Gofen & Glossberg LLC IL increased its stake in shares of Metlife by 1.5% in the second quarter. Gofen & Glossberg LLC IL now owns 385,527 shares of the financial services provider’s stock valued at $21,181,000 after buying an additional 5,515 shares during the period. Finally, Afam Capital Inc. increased its stake in shares of Metlife by 2.0% in the second quarter. Afam Capital Inc. now owns 110,516 shares of the financial services provider’s stock valued at $6,072,000 after buying an additional 2,168 shares during the period. 76.36% of the stock is owned by institutional investors.

Several research firms have recently issued reports on MET. ValuEngine downgraded Metlife from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Goldman Sachs Group reiterated a “buy” rating on shares of Metlife in a report on Wednesday, January 31st. Wells Fargo & Co reduced their target price on Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Zacks Investment Research cut Metlife from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Deutsche Bank began coverage on Metlife in a report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.65.

Metlife Inc (NYSE:MET) opened at $44.61 on Friday. The stock has a market capitalization of $46,943.06, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. Metlife Inc has a twelve month low of $43.38 and a twelve month high of $55.91. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s payout ratio is -320.00%.

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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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