Aigen Investment Management LP Takes Position in MetLife, Inc. (NYSE:MET)

Aigen Investment Management LP acquired a new position in MetLife, Inc. (NYSE:MET) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,232 shares of the financial services provider’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of MetLife by 0.7% during the first quarter. US Bancorp DE now owns 107,168 shares of the financial services provider’s stock valued at $7,942,000 after buying an additional 777 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of MetLife by 4.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,117 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 501 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of MetLife by 16.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 727,533 shares of the financial services provider’s stock worth $53,917,000 after purchasing an additional 103,752 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of MetLife by 1.3% during the first quarter. Orion Portfolio Solutions LLC now owns 29,942 shares of the financial services provider’s stock worth $2,219,000 after purchasing an additional 397 shares during the period. Finally, Pinkerton Retirement Specialists LLC grew its position in MetLife by 25.3% during the first quarter. Pinkerton Retirement Specialists LLC now owns 53,361 shares of the financial services provider’s stock valued at $3,955,000 after purchasing an additional 10,777 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of research analyst reports. Bank of America cut their target price on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Jefferies Financial Group lifted their price objective on MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays dropped their target price on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley reduced their price target on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Finally, Wells Fargo & Company increased their price objective on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, MetLife presently has an average rating of “Buy” and a consensus price target of $88.46.

MetLife Price Performance

NYSE MET opened at $82.02 on Thursday. MetLife, Inc. has a 1 year low of $61.16 and a 1 year high of $86.94. The company has a fifty day simple moving average of $81.21 and a 200 day simple moving average of $75.38. 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 company has a market cap of $56.79 billion, a P/E ratio of 16.54, a P/E/G ratio of 0.75 and a beta of 1.05.

MetLife Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Tuesday, November 5th. MetLife’s dividend payout ratio is currently 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.