Oppenheimer Asset Management Inc. Has $8.06 Million Stock Position in MetLife, Inc. (NYSE:MET)

Oppenheimer Asset Management Inc. raised its position in shares of MetLife, Inc. (NYSE:MET) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 98,462 shares of the financial services provider’s stock after purchasing an additional 1,913 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in MetLife were worth $8,062,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC boosted its stake in shares of MetLife by 244.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 220 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in MetLife by 131.9% in the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after buying an additional 186 shares during the period. Peterson Financial Group Inc. bought a new stake in MetLife during the third quarter valued at $30,000. Retirement Wealth Solutions LLC acquired a new stake in MetLife during the 4th quarter worth about $32,000. Finally, Sierra Ocean LLC bought a new position in shares of MetLife in the 4th quarter worth about $32,000. Institutional investors own 94.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays cut their target price on MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods cut their price target on MetLife from $100.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. boosted their target price on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets initiated coverage on shares of MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.58.

MetLife Stock Performance

MET opened at $84.08 on Friday. The company has a market cap of $58.22 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.65 and a beta of 1.07. The company’s fifty day moving average price is $83.56 and its two-hundred day moving average price is $81.72. MetLife, Inc. has a 1-year low of $67.30 and a 1-year high of $89.05. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.54.

MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. On average, analysts expect that MetLife, Inc. will post 9.65 EPS for the current fiscal year.

MetLife Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 4th will be given a dividend of $0.545 per share. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a dividend yield of 2.59%. MetLife’s payout ratio is 36.52%.

About MetLife

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.