Los Angeles Capital Management & Equity Research Inc. cut its position in MetLife, Inc. (NYSE:MET) by 60.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 249,757 shares of the financial services provider’s stock after selling 384,066 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in MetLife were worth $12,975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. South Dakota Investment Council boosted its position in MetLife by 3.3% in the first quarter. South Dakota Investment Council now owns 968,389 shares of the financial services provider’s stock valued at $51,150,000 after buying an additional 30,780 shares during the last quarter. Ngam Advisors L.P. boosted its position in MetLife by 0.6% in the 1st quarter. Ngam Advisors L.P. now owns 349,290 shares of the financial services provider’s stock worth $18,449,000 after purchasing an additional 2,101 shares in the last quarter. Teacher Retirement System of Texas boosted its position in MetLife by 7.2% in the 1st quarter. Teacher Retirement System of Texas now owns 822,785 shares of the financial services provider’s stock worth $43,460,000 after purchasing an additional 55,508 shares in the last quarter. Trustmark National Bank Trust Department boosted its position in MetLife by 242.3% in the 1st quarter. Trustmark National Bank Trust Department now owns 38,394 shares of the financial services provider’s stock worth $2,028,000 after purchasing an additional 27,177 shares in the last quarter. Finally, Princeton Portfolio Strategies Group LLC boosted its position in MetLife by 1.9% in the 1st quarter. Princeton Portfolio Strategies Group LLC now owns 46,284 shares of the financial services provider’s stock worth $2,445,000 after purchasing an additional 863 shares in the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

MetLife, Inc. (MET) opened at $51.31 on Friday. MetLife, Inc. has a 52 week low of $44.26 and a 52 week high of $55.91. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $54,551.18, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.30 and a beta of 1.51.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. MetLife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.47 billion. During the same period last year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts predict that MetLife, Inc. will post 4.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, November 3rd. MetLife’s dividend payout ratio (DPR) is presently -320.00%.

In other MetLife news, insider Christopher G. Townsend sold 82,731 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $54.60, for a total value of $4,517,112.60. Following the completion of the sale, the insider now directly owns 49,660 shares of the company’s stock, valued at approximately $2,711,436. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher G. Townsend sold 55,712 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the completion of the sale, the insider now directly owns 25,181 shares of the company’s stock, valued at $1,367,076.49. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

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Several research firms have commented on MET. Langen Mcalenn restated a “buy” rating on shares of MetLife in a research report on Wednesday, August 16th. Sandler O’Neill lowered MetLife from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $59.00 price objective on shares of MetLife in a research report on Thursday, August 3rd. ValuEngine upgraded MetLife from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research lowered MetLife from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $58.40.

About MetLife

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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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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