Nisa Investment Advisors LLC decreased its position in shares of Metlife Inc (NYSE:MET) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,363 shares of the financial services provider’s stock after selling 28,126 shares during the period. Nisa Investment Advisors LLC’s holdings in Metlife were worth $14,580,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Farmers National Bank acquired a new position in Metlife during the 2nd quarter worth $118,000. Ffcm LLC lifted its position in Metlife by 2,020.8% during the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 2,142 shares during the last quarter. Cable Hill Partners LLC lifted its position in Metlife by 246.6% during the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 1,716 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in Metlife during the 3rd quarter worth $151,000. Finally, Fieldpoint Private Securities LLC acquired a new position in Metlife during the 3rd quarter worth $175,000. 76.24% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on MET. ValuEngine raised shares of Metlife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Deutsche Bank began coverage on shares of Metlife in a research report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 target price for the company. Zacks Investment Research lowered shares of Metlife from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. TheStreet raised shares of Metlife from a “c+” rating to a “b” rating in a research report on Wednesday, October 4th. Finally, B. Riley restated a “neutral” rating on shares of Metlife in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.90.
In related news, insider Christopher G. Townsend sold 82,731 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $54.60, for a total value of $4,517,112.60. Following the sale, the insider now owns 49,660 shares of the company’s stock, valued at $2,711,436. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher G. Townsend sold 55,712 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the completion of the sale, the insider now directly owns 25,181 shares in the company, valued at approximately $1,367,076.49. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
Shares of Metlife Inc (NYSE:MET) opened at $53.33 on Friday. The firm has a market cap of $56,120.00, a PE ratio of 115.93, a P/E/G ratio of 1.21 and a beta of 1.49. Metlife Inc has a 52 week low of $44.43 and a 52 week 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.
Metlife (NYSE:MET) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.19. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.47 billion. Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. equities analysts expect that Metlife Inc will post 4.4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.00%. Metlife’s payout ratio is currently 347.83%.
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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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