SG Americas Securities LLC decreased its position in Metlife Inc (NYSE:MET) by 34.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,997 shares of the financial services provider’s stock after selling 66,960 shares during the period. SG Americas Securities LLC’s holdings in Metlife were worth $5,895,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MET. Kavar Capital Partners LLC acquired a new position in shares of Metlife in the 2nd quarter worth approximately $25,000. Motco increased its holdings in Metlife by 160.6% during the 2nd quarter. Motco now owns 516 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 318 shares in the last quarter. Coastal Capital Group Inc. acquired a new stake in Metlife during the 2nd quarter valued at $30,000. Venturi Wealth Management LLC acquired a new stake in Metlife during the 3rd quarter valued at $37,000. Finally, Meeder Asset Management Inc. increased its holdings in Metlife by 2,474.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 798 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 767 shares in the last quarter. 75.59% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. ValuEngine raised Metlife from a “strong sell” rating to a “sell” rating in a report on Monday, November 4th. Zacks Investment Research cut Metlife from a “hold” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Wednesday. B. Riley reaffirmed a “neutral” rating on shares of Metlife in a report on Tuesday, October 15th. Morgan Stanley dropped their price target on Metlife from $54.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Finally, Citigroup dropped their price target on Metlife from $42.00 to $41.00 and set a “sell” rating for the company in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $49.51.
MET stock traded up $0.28 during midday trading on Friday, reaching $49.32. 5,509,790 shares of the company’s stock traded hands, compared to its average volume of 5,417,675. The company has a 50-day simple moving average of $46.53 and a two-hundred day simple moving average of $47.39. Metlife Inc has a 1-year low of $37.76 and a 1-year high of $51.16. The company has a market cap of $45.78 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.09 and a beta of 1.12. The company has a quick ratio of 0.14, a current ratio of 0.15 and a debt-to-equity ratio of 0.21.
Metlife (NYSE:MET) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.13). The firm had revenue of $16.92 billion during the quarter, compared to the consensus estimate of $16.37 billion. Metlife had a net margin of 10.82% and a return on equity of 8.82%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 earnings per share. Equities research analysts forecast that Metlife Inc will post 5.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, November 5th will be given a $0.44 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.76 dividend on an annualized basis and a yield of 3.57%. Metlife’s payout ratio is 32.65%.
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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