Koshinski Asset Management Inc. Grows Holdings in MetLife, Inc. (NYSE:MET)

Koshinski Asset Management Inc. boosted its holdings in MetLife, Inc. (NYSE:MET) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,992 shares of the financial services provider’s stock after purchasing an additional 163 shares during the quarter. Koshinski Asset Management Inc.’s holdings in MetLife were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. raised its position in MetLife by 1.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,464 shares of the financial services provider’s stock worth $781,000 after buying an additional 123 shares during the last quarter. Abacus Planning Group Inc. raised its position in MetLife by 1.0% during the 3rd quarter. Abacus Planning Group Inc. now owns 12,301 shares of the financial services provider’s stock worth $1,015,000 after buying an additional 127 shares during the last quarter. First Commonwealth Financial Corp PA raised its position in MetLife by 0.8% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 16,675 shares of the financial services provider’s stock worth $1,375,000 after buying an additional 133 shares during the last quarter. Avestar Capital LLC raised its position in MetLife by 3.2% during the 3rd quarter. Avestar Capital LLC now owns 4,264 shares of the financial services provider’s stock worth $352,000 after buying an additional 133 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in MetLife by 2.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 6,984 shares of the financial services provider’s stock worth $576,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MET. BMO Capital Markets began coverage on shares of MetLife in a research report on Thursday. They set a “market perform” rating and a $97.00 price objective for the company. Barclays increased their price target on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, January 6th. 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 report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group increased their price target on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.46.

MetLife Price Performance

MetLife stock opened at $86.82 on Friday. MetLife, Inc. has a 12-month low of $64.61 and a 12-month high of $89.05. The stock has a market capitalization of $60.11 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.66 and a beta of 1.07. The firm’s 50-day moving average is $83.68 and its two-hundred day moving average is $79.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.51%. MetLife’s dividend payout ratio is currently 43.95%.

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.