Investors Sell Metlife (MET) on Strength (MET)

Investors sold shares of Metlife Inc (NYSE:MET) on strength during trading on Friday. $66.45 million flowed into the stock on the tick-up and $100.47 million flowed out of the stock on the tick-down, for a money net flow of $34.02 million out of the stock. Of all stocks tracked, Metlife had the 0th highest net out-flow for the day. Metlife traded up $1.66 for the day and closed at $43.60

A number of equities analysts have recently issued reports on MET shares. Barclays cut their price target on shares of Metlife from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Zacks Investment Research downgraded shares of Metlife from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Morgan Stanley cut their price target on shares of Metlife from $53.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, July 11th. B. Riley cut their price target on shares of Metlife from $58.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, July 16th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $50.00 price target on shares of Metlife in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Metlife has a consensus rating of “Hold” and an average price target of $54.62.

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $43.37 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.67 and a beta of 1.30.

Metlife (NYSE:MET) last posted its earnings results on Thursday, November 1st. The financial services provider reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.11. Metlife had a net margin of 7.62% and a return on equity of 9.56%. The firm had revenue of $16.40 billion during the quarter, compared to the consensus estimate of $15.88 billion. During the same period last year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, analysts forecast that Metlife Inc will post 5.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, November 6th will be issued a dividend of $0.42 per share. The ex-dividend date is Monday, November 5th. This represents a $1.68 annualized dividend and a yield of 3.85%. Metlife’s dividend payout ratio (DPR) is currently 37.33%.

In other Metlife news, Chairman Steven A. Kandarian sold 42,805 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $47.03, for a total transaction of $2,013,119.15. Following the completion of the transaction, the chairman now directly owns 559,097 shares in the company, valued at approximately $26,294,331.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Steven A. Kandarian sold 85,683 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $46.93, for a total transaction of $4,021,103.19. Following the transaction, the chairman now owns 585,005 shares of the company’s stock, valued at $27,454,284.65. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Large investors have recently bought and sold shares of the business. Cowen Prime Services LLC grew its holdings in shares of Metlife by 19.8% during the second quarter. Cowen Prime Services LLC now owns 6,650 shares of the financial services provider’s stock worth $290,000 after buying an additional 1,100 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Metlife by 2.1% during the second quarter. Rockefeller Capital Management L.P. now owns 54,305 shares of the financial services provider’s stock worth $2,368,000 after buying an additional 1,124 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Metlife by 30.6% during the second quarter. Trust Co. of Vermont now owns 5,160 shares of the financial services provider’s stock worth $225,000 after buying an additional 1,209 shares in the last quarter. BTR Capital Management Inc. grew its holdings in shares of Metlife by 0.7% during the third quarter. BTR Capital Management Inc. now owns 174,635 shares of the financial services provider’s stock worth $8,159,000 after buying an additional 1,261 shares in the last quarter. Finally, Independent Advisor Alliance grew its holdings in shares of Metlife by 4.7% during the second quarter. Independent Advisor Alliance now owns 28,018 shares of the financial services provider’s stock worth $1,004,000 after buying an additional 1,265 shares in the last quarter. Hedge funds and other institutional investors own 77.50% of the company’s stock.

Metlife Company Profile (NYSE:MET)

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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