Tokio Marine Asset Management Co. Ltd. Grows Holdings in MetLife, Inc. (NYSE:MET)

Tokio Marine Asset Management Co. Ltd. boosted its stake in MetLife, Inc. (NYSE:MET) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,326 shares of the financial services provider’s stock after purchasing an additional 658 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in MetLife were worth $1,337,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC raised its position in shares of MetLife by 12.5% in the fourth quarter. N.E.W. Advisory Services LLC now owns 3,354 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 373 shares during the period. Austin Private Wealth LLC raised its position in shares of MetLife by 12.0% in the fourth quarter. Austin Private Wealth LLC now owns 5,684 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 610 shares during the period. Caprock Group LLC raised its position in shares of MetLife by 34.8% in the fourth quarter. Caprock Group LLC now owns 28,755 shares of the financial services provider’s stock valued at $2,355,000 after purchasing an additional 7,424 shares during the period. Mediolanum International Funds Ltd raised its position in shares of MetLife by 47.9% in the fourth quarter. Mediolanum International Funds Ltd now owns 90,481 shares of the financial services provider’s stock valued at $7,357,000 after purchasing an additional 29,285 shares during the period. Finally, Gilbert & Cook Inc. raised its position in shares of MetLife by 1.2% in the fourth quarter. Gilbert & Cook Inc. now owns 12,713 shares of the financial services provider’s stock valued at $1,041,000 after purchasing an additional 156 shares during the period. Institutional investors own 94.99% of the company’s stock.

MetLife Stock Down 1.2 %

Shares of MetLife stock opened at $85.48 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The company has a 50-day moving average of $84.06 and a 200 day moving average of $80.54. The firm has a market cap of $59.18 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.66 and a beta of 1.07. MetLife, Inc. has a 1 year low of $64.61 and a 1 year high of $89.05.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $2.18 dividend on an annualized basis and a yield of 2.55%. MetLife’s dividend payout ratio is currently 43.95%.

Wall Street Analysts Forecast Growth

MET has been the topic of a number of analyst reports. Barclays upped their target price on shares of MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. upped their target price on shares of MetLife from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. BMO Capital Markets initiated coverage on shares of MetLife in a report on Thursday, January 23rd. They set a “market perform” rating and a $97.00 target price on the stock. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Wells Fargo & Company cut their price target on shares of MetLife from $93.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, MetLife presently has an average rating of “Moderate Buy” and a consensus target price of $90.46.

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.