Kanawha Capital Management LLC increased its stake in Metlife Inc (NYSE:MET) by 0.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 52,461 shares of the financial services provider’s stock after purchasing an additional 350 shares during the quarter. Kanawha Capital Management LLC’s holdings in Metlife were worth $2,233,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MET. JNBA Financial Advisors acquired a new stake in Metlife during the 4th quarter valued at approximately $26,000. Bruderman Asset Management LLC acquired a new stake in Metlife during the 4th quarter valued at approximately $27,000. Berman Capital Advisors LLC acquired a new stake in Metlife during the 4th quarter valued at approximately $31,000. Executive Wealth Management LLC acquired a new stake in Metlife during the 4th quarter valued at approximately $34,000. Finally, Country Trust Bank grew its stake in Metlife by 1,052.6% during the 4th quarter. Country Trust Bank now owns 876 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 76.88% of the company’s stock.

A number of brokerages have weighed in on MET. UBS Group raised their price objective on Metlife from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Deutsche Bank lifted their target price on Metlife from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. ValuEngine lowered Metlife from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Argus reiterated a “buy” rating on shares of Metlife in a research report on Tuesday, February 12th. Finally, Sandler O’Neill lowered Metlife from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $52.76.

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

Shares of NYSE MET traded down $0.08 during mid-day trading on Tuesday, hitting $45.13. The company had a trading volume of 54,475 shares, compared to its average volume of 5,589,899. The company has a market cap of $43.34 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 0.98 and a beta of 1.18. Metlife Inc has a 12 month low of $37.76 and a 12 month high of $48.92. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26.

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

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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.

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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