Tredje AP fonden Buys 28,530 Shares of MetLife, Inc. (MET)
Tredje AP fonden lifted its stake in shares of MetLife, Inc. (NYSE:MET) by 28.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,580 shares of the financial services provider’s stock after acquiring an additional 28,530 shares during the quarter. Tredje AP fonden’s holdings in MetLife were worth $6,628,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Farmers National Bank purchased a new stake in shares of MetLife during the second quarter worth $118,000. Ffcm LLC increased its position in shares of MetLife by 2,020.8% during the third 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 period. Cable Hill Partners LLC increased its position in shares of MetLife by 246.6% during the third 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 period. First Mercantile Trust Co. increased its position in shares of MetLife by 3.4% during the second quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 97 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of MetLife by 8.1% during the second quarter. Parallel Advisors LLC now owns 2,970 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 222 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.
MetLife, Inc. (NYSE:MET) traded down $0.07 during trading hours on Friday, reaching $53.61. The company had a trading volume of 4,818,963 shares, compared to its average volume of 5,751,913. The stock has a market capitalization of $56,410.00, a price-to-earnings ratio of 10.13, a PEG ratio of 1.32 and a beta of 1.51. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.31. MetLife, Inc. has a 52-week low of $44.26 and a 52-week high of $55.91.
MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.19. MetLife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The company had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.47 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. MetLife’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts anticipate that MetLife, Inc. will post 4.43 EPS for the current fiscal year.
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.60 annualized dividend and a yield of 2.98%. MetLife’s dividend payout ratio is presently 347.83%.
In other MetLife news, insider Christopher G. Townsend sold 82,731 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now owns 49,660 shares in the company, valued at $2,711,436. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher G. Townsend sold 55,712 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 25,181 shares of the company’s stock, valued at approximately $1,367,076.49. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.
A number of analysts have recently weighed in on MET shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $59.00 price objective on shares of MetLife in a research report on Thursday, August 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Monday, August 7th. Argus cut their price objective on MetLife from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. BidaskClub raised MetLife from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research lowered MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $58.40.
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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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