MetLife, Inc. (NYSE:MET) Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. lifted its position in shares of MetLife, Inc. (NYSE:MET) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,182 shares of the financial services provider’s stock after purchasing an additional 1,271 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in MetLife were worth $806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. IHT Wealth Management LLC boosted its stake in shares of MetLife by 4.5% in the 4th quarter. IHT Wealth Management LLC now owns 3,466 shares of the financial services provider’s stock valued at $251,000 after buying an additional 150 shares during the period. Carolinas Wealth Consulting LLC boosted its stake in shares of MetLife by 26.4% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 767 shares of the financial services provider’s stock valued at $54,000 after buying an additional 160 shares during the period. Harbour Investments Inc. boosted its stake in shares of MetLife by 3.2% in the 4th quarter. Harbour Investments Inc. now owns 5,269 shares of the financial services provider’s stock valued at $381,000 after buying an additional 162 shares during the period. Eley Financial Management Inc boosted its stake in shares of MetLife by 1.0% in the 3rd quarter. Eley Financial Management Inc now owns 16,348 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 168 shares during the period. Finally, Austin Private Wealth LLC lifted its stake in MetLife by 4.1% during the fourth quarter. Austin Private Wealth LLC now owns 4,367 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MET shares. UBS Group decreased their target price on MetLife from $87.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Keefe, Bruyette & Woods dropped their price objective on MetLife from $79.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, December 7th. Wells Fargo & Company decreased their target price on MetLife from $85.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, The Goldman Sachs Group upgraded MetLife from a “neutral” rating to a “buy” rating and upped their price objective for the company from $70.00 to $80.00 in a research report on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, MetLife has a consensus rating of “Moderate Buy” and an average price target of $77.23.

Insider Buying and Selling

In other news, insider Ramy Tadros sold 4,026 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $71.90, for a total value of $289,469.40. Following the completion of the sale, the insider now owns 146,981 shares of the company’s stock, valued at $10,567,933.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Ramy Tadros sold 4,026 shares of MetLife stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $71.90, for a total transaction of $289,469.40. Following the completion of the sale, the insider now owns 146,981 shares of the company’s stock, valued at $10,567,933.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Bill Pappas sold 27,000 shares of MetLife stock in a transaction on Monday, March 18th. The shares were sold at an average price of $72.27, for a total value of $1,951,290.00. Following the sale, the executive vice president now directly owns 57,768 shares of the company’s stock, valued at approximately $4,174,893.36. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

MetLife Price Performance

Shares of MET stock traded up $0.19 during mid-day trading on Thursday, hitting $74.11. 2,591,672 shares of the stock traded hands, compared to its average volume of 3,777,516. MetLife, Inc. has a twelve month low of $48.95 and a twelve month high of $74.39. The firm has a market cap of $53.58 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The company’s 50-day simple moving average is $69.88 and its 200-day simple moving average is $65.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.16 and a current ratio of 0.16.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The company had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.07 billion. MetLife had a return on equity of 19.48% and a net margin of 2.36%. As a group, equities research analysts expect that MetLife, Inc. will post 8.81 earnings per share for the current year.

MetLife Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, February 6th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Monday, February 5th. MetLife’s payout ratio is 113.66%.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.