California Public Employees Retirement System Purchases 201,117 Shares of Metlife Inc (MET)

California Public Employees Retirement System raised its position in Metlife Inc (NYSE:MET) by 8.2% in the fourth quarter, Holdings Channel reports. The fund owned 2,639,347 shares of the financial services provider’s stock after buying an additional 201,117 shares during the period. California Public Employees Retirement System’s holdings in Metlife were worth $133,445,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Sentry Investment Management LLC lifted its stake in Metlife by 0.8% in the second quarter. Sentry Investment Management LLC now owns 82,321 shares of the financial services provider’s stock worth $4,523,000 after acquiring an additional 690 shares during the last quarter. QS Investors LLC lifted its stake in Metlife by 6.0% in the second quarter. QS Investors LLC now owns 17,337 shares of the financial services provider’s stock worth $952,000 after acquiring an additional 988 shares during the last quarter. Cowen Prime Services LLC lifted its stake in Metlife by 16.0% in the third quarter. Cowen Prime Services LLC now owns 7,250 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 1,000 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Metlife by 0.7% in the third quarter. Xact Kapitalforvaltning AB now owns 152,710 shares of the financial services provider’s stock worth $7,933,000 after acquiring an additional 1,004 shares during the last quarter. Finally, First National Trust Co. lifted its stake in Metlife by 1.6% in the third quarter. First National Trust Co. now owns 63,661 shares of the financial services provider’s stock worth $3,307,000 after acquiring an additional 1,019 shares during the last quarter. Institutional investors own 76.36% of the company’s stock.

A number of 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 restated a “buy” rating on shares of Metlife in a research report on Wednesday, January 31st. B. Riley restated a “neutral” rating on shares of Metlife in a research report on Monday, November 6th. Morgan Stanley boosted their price objective on shares of Metlife from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Finally, Argus boosted their price objective on shares of Metlife from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. Metlife currently has an average rating of “Hold” and a consensus target price of $57.65.

Metlife Inc (NYSE:MET) opened at $44.61 on Friday. The company has a market cap of $46,940.00, a price-to-earnings ratio of 96.98, a PEG ratio of 1.03 and a beta of 1.31. Metlife Inc has a 1-year low of $43.38 and a 1-year high of $55.91. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.59%. Metlife’s payout ratio is 347.83%.

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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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