Traders sold shares of MetLife, Inc. (NYSE:MET) on strength during trading hours on Thursday. $55.13 million flowed into the stock on the tick-up and $87.28 million flowed out of the stock on the tick-down, for a money net flow of $32.15 million out of the stock. Of all stocks tracked, MetLife had the 0th highest net out-flow for the day. MetLife traded up $1.86 for the day and closed at $55.73

Several analysts have commented on the company. BidaskClub upgraded MetLife from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $60.00 price target (up previously from $56.00) on shares of MetLife in a report on Friday. Zacks Investment Research cut MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine upgraded MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Finally, TheStreet upgraded MetLife from a “c” rating to a “b-” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $57.89.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. MetLife had a positive return on equity of 8.44% and a negative net margin of 0.75%. The company 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 business earned $1.28 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, November 3rd. MetLife’s dividend payout ratio (DPR) is presently -320.00%.

MetLife announced that its board has authorized a share buyback program on Wednesday, November 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. Farmers National Bank acquired a new position in shares of MetLife during the 2nd quarter valued at about $118,000. Cable Hill Partners LLC increased its holdings in shares of MetLife by 246.6% during the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,716 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of MetLife by 583.8% during the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 2,300 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of MetLife by 50.7% during the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 924 shares during the last quarter. Finally, First Mercantile Trust Co. increased its holdings in shares of MetLife by 3.4% during the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 97 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/traders-sell-metlife-inc-met-on-strength-met/1675379.html.

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.

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