Claro Advisors LLC Increases Position in MetLife, Inc. (NYSE:MET)

Claro Advisors LLC lifted its holdings in shares of MetLife, Inc. (NYSE:MET) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,483 shares of the financial services provider’s stock after acquiring an additional 308 shares during the quarter. Claro Advisors LLC’s holdings in MetLife were worth $1,112,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Peterson Financial Group Inc. purchased a new stake in shares of MetLife during the third quarter worth about $30,000. River Street Advisors LLC increased its position in shares of MetLife by 2.8% during the third quarter. River Street Advisors LLC now owns 18,585 shares of the financial services provider’s stock worth $1,533,000 after acquiring an additional 513 shares during the last quarter. Heritage Investment Group Inc. bought a new stake in MetLife in the third quarter valued at about $205,000. Natixis Advisors LLC increased its holdings in MetLife by 5.2% in the third quarter. Natixis Advisors LLC now owns 266,316 shares of the financial services provider’s stock valued at $21,966,000 after buying an additional 13,150 shares during the last quarter. Finally, Miramar Capital LLC bought a new stake in MetLife in the third quarter valued at about $229,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on MET shares. TD Cowen started coverage on MetLife in a report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price objective for the company. Jefferies Financial Group boosted their price objective on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Citigroup boosted their price objective on MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Bank of America lowered their price objective on MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Morgan Stanley lowered their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Fourteen analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $88.46.

MetLife Stock Performance

Shares of NYSE MET opened at $83.33 on Monday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $81.60 and a 200-day simple moving average of $75.62. The company has a market cap of $57.70 billion, a PE ratio of 16.80, a P/E/G ratio of 0.76 and a beta of 1.05. MetLife, Inc. has a 12-month low of $61.61 and a 12-month high of $86.94.

MetLife Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, November 5th will be given a $0.545 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 dividend on an annualized basis and a yield of 2.62%. MetLife’s dividend payout ratio (DPR) is 43.95%.

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.