Cutler Capital Management LLC lessened its holdings in Metlife Inc (NYSE:MET) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,278 shares of the financial services provider’s stock after selling 1,639 shares during the period. Metlife accounts for approximately 3.2% of Cutler Capital Management LLC’s portfolio, making the stock its 7th largest holding. Cutler Capital Management LLC’s holdings in Metlife were worth $8,053,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Farmers National Bank purchased a new stake in shares of Metlife in the second quarter valued at about $118,000. Ffcm LLC lifted its stake in shares of Metlife by 2,020.8% during the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock valued at $119,000 after buying an additional 2,142 shares during the period. Sandy Spring Bank lifted its stake in shares of Metlife by 495.2% during the fourth quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,976 shares during the period. Cable Hill Partners LLC lifted its stake in shares of Metlife by 246.6% during the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,716 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Metlife during the third quarter valued at approximately $151,000. 76.36% of the stock is currently owned by institutional investors.
Metlife Inc (NYSE MET) opened at $44.28 on Friday. 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 firm has a market cap of $48,679.35, a P/E ratio of -88.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. Metlife Inc has a one year low of $44.26 and a one year high of $55.91.
Several brokerages recently issued reports on MET. ValuEngine downgraded shares of Metlife from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Goldman Sachs Group reissued a “buy” rating on shares of Metlife in a research note on Wednesday, January 31st. Wells Fargo & Co reduced their price objective on shares of Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. Zacks Investment Research downgraded shares of Metlife from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Deutsche Bank began coverage on shares of Metlife in a research note on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.65.
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Metlife Company Profile
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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