B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in Metlife Inc (NYSE:MET) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,056 shares of the financial services provider’s stock, valued at approximately $376,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MET. Oregon Public Employees Retirement Fund increased its position in Metlife by 4,191.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,828,417 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 12,529,511 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its position in Metlife by 2,954.4% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,311,734 shares of the financial services provider’s stock worth $94,919,000 after purchasing an additional 2,236,048 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Metlife by 4,778.5% during the third quarter. Rehmann Capital Advisory Group now owns 1,324,512 shares of the financial services provider’s stock valued at $28,350,000 after acquiring an additional 1,297,362 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Metlife by 833.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,235,142 shares of the financial services provider’s stock valued at $50,711,000 after acquiring an additional 1,102,832 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Metlife by 8.4% during the fourth quarter. Bank of New York Mellon Corp now owns 13,981,487 shares of the financial services provider’s stock valued at $574,078,000 after acquiring an additional 1,087,142 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

In related news, EVP Steven J. Goulart sold 10,292 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $44.40, for a total value of $456,964.80. Following the completion of the sale, the executive vice president now directly owns 93,214 shares of the company’s stock, valued at $4,138,701.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John D. Mccallion sold 2,669 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $44.43, for a total transaction of $118,583.67. Following the completion of the sale, the chief financial officer now directly owns 20,538 shares of the company’s stock, valued at $912,503.34. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

A number of research analysts have weighed in on the stock. Sandler O’Neill cut shares of Metlife from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Tuesday, March 19th. Zacks Investment Research cut shares of Metlife from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. ValuEngine upgraded shares of Metlife from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Bank of America upgraded shares of Metlife from a “neutral” rating to a “buy” rating and set a $44.06 price objective on the stock in a research report on Wednesday, January 16th. Finally, Argus reiterated a “buy” rating on shares of Metlife in a research report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.92.

NYSE MET opened at $42.47 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $40.68 billion, a PE ratio of 7.88, a P/E/G ratio of 0.92 and a beta of 1.20. Metlife Inc has a 12 month low of $37.76 and a 12 month high of $48.92.

Metlife (NYSE:MET) last posted its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.84 billion. Metlife had a net margin of 7.53% and a return on equity of 10.24%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. As a group, equities research analysts anticipate that Metlife Inc will post 5.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 5th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Monday, February 4th. Metlife’s payout ratio is presently 31.17%.

WARNING: “B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Invests $376,000 in Metlife Inc (MET) Stock” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/b-s-pension-fund-trustee-ltd-acting-for-the-british-steel-pension-fund-invests-376000-in-metlife-inc-met-stock/2925445.html.

Metlife Profile

MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.

Recommended Story: Does the discount rate affect the economy?

Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Metlife Inc (NYSE:MET).

Institutional Ownership by Quarter for Metlife (NYSE:MET)

Receive News & Ratings for Metlife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metlife and related companies with MarketBeat.com's FREE daily email newsletter.