MetLife, Inc. (MET) Shares Bought by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC increased its stake in shares of MetLife, Inc. (NYSE:MET) by 242.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,768 shares of the financial services provider’s stock after buying an additional 20,364 shares during the period. Global X MANAGEMENT CO LLC’s holdings in MetLife were worth $1,494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farmers National Bank purchased a new position in shares of MetLife in the second quarter worth about $118,000. Cable Hill Partners LLC increased its stake in shares of MetLife by 246.6% in the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,716 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 924 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of MetLife by 3.4% in the second quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 97 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in shares of MetLife by 5.8% in the second quarter. Carroll Financial Associates Inc. now owns 3,013 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

In other news, insider Christopher G. Townsend sold 82,731 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 49,660 shares in the company, valued at approximately $2,711,436. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher G. Townsend sold 55,712 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the completion of the sale, the insider now owns 25,181 shares of the company’s stock, valued at $1,367,076.49. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

MET has been the subject of a number of analyst reports. BidaskClub upgraded shares of MetLife from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. B. Riley restated a “neutral” rating on shares of MetLife in a research report on Monday, November 6th. Zacks Investment Research lowered shares of MetLife from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $60.00 price objective (up from $56.00) on shares of MetLife in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $58.40.

Shares of MetLife, Inc. (NYSE MET) traded down $0.16 on Wednesday, hitting $52.00. 2,874,300 shares of the stock were exchanged, compared to its average volume of 5,860,577. The company has a market cap of $54,887.91, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.31 and a beta of 1.51. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. MetLife, Inc. has a 1 year low of $44.26 and a 1 year high of $55.91.

MetLife (NYSE:MET) last announced its quarterly earnings data 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. The firm had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.47 billion. MetLife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 EPS. equities research analysts forecast that MetLife, Inc. will post 4.43 EPS for the current year.

MetLife declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 1st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.08%. MetLife’s payout ratio is -320.00%.

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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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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