Bank of Jackson Hole Trust Takes Position in MetLife, Inc. (NYSE:MET)

Bank of Jackson Hole Trust purchased a new stake in MetLife, Inc. (NYSE:MET) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,004 shares of the financial services provider’s stock, valued at approximately $82,000.

A number of other institutional investors also recently modified their holdings of MET. MeadowBrook Investment Advisors LLC raised its position in shares of MetLife by 244.4% in the third 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 period. Carmichael Hill & Associates Inc. raised its position in shares of 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 purchasing an additional 186 shares during the period. Peterson Financial Group Inc. bought a new position in shares of MetLife in the third quarter valued at approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of MetLife in the fourth quarter worth $32,000. Finally, Sierra Ocean LLC acquired a new position in MetLife during the 4th quarter valued at $32,000. Institutional investors own 94.99% of the company’s stock.

MetLife Stock Up 0.8 %

MET opened at $83.08 on Thursday. The firm’s 50-day simple moving average is $83.46 and its 200-day simple moving average is $81.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a twelve month low of $67.30 and a twelve month high of $89.05. The firm has a market cap of $57.53 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.64 and a beta of 1.07.

MetLife (NYSE:MET) last posted its 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 return on equity of 20.42% and a net margin of 6.19%. Equities research analysts anticipate that MetLife, Inc. will post 9.66 EPS for the current fiscal year.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, February 4th. MetLife’s payout ratio is 36.52%.

Wall Street Analyst Weigh In

Several research firms recently commented on MET. Wells Fargo & Company upped their target price on shares of MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. StockNews.com cut shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Keefe, Bruyette & Woods cut their target price on shares of MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Barclays cut their target price on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $92.58.

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.