Gulf International Bank UK Ltd decreased its position in Metlife Inc (NYSE:MET) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,322 shares of the financial services provider’s stock after selling 1,875 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Metlife were worth $8,527,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MET. JNBA Financial Advisors purchased a new stake in Metlife in the fourth quarter valued at approximately $26,000. Bruderman Asset Management LLC purchased a new stake in Metlife in the fourth quarter valued at approximately $27,000. Berman Capital Advisors LLC purchased a new stake in Metlife in the fourth quarter valued at approximately $31,000. Executive Wealth Management LLC purchased a new stake in Metlife in the fourth quarter valued at approximately $34,000. Finally, Country Trust Bank raised its position in Metlife by 1,052.6% in the fourth quarter. Country Trust Bank now owns 876 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 800 shares during the period. 76.88% of the stock is currently owned by institutional investors.
Shares of Metlife stock traded down $0.34 during trading hours on Thursday, reaching $45.47. 100,918 shares of the company were exchanged, compared to its average volume of 5,625,562. Metlife Inc has a 1 year low of $37.76 and a 1 year high of $48.92. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $43.85 billion, a P/E ratio of 8.44, a P/E/G ratio of 0.98 and a beta of 1.18.
Metlife (NYSE:MET) last posted its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.84 billion. Metlife had a return on equity of 10.24% and a net margin of 7.53%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Sell-side analysts predict that Metlife Inc will post 5.48 earnings per share for the current year.
A number of analysts have issued reports on the company. Deutsche Bank boosted their target price on Metlife from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Friday, April 12th. UBS Group upped their price objective on Metlife from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. ValuEngine lowered Metlife from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Sandler O’Neill lowered Metlife from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Tuesday, March 19th. Finally, Argus reaffirmed a “buy” rating on shares of Metlife in a research report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $52.76.
In related news, EVP Steven J. Goulart sold 10,292 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $44.40, for a total transaction of $456,964.80. Following the completion of the transaction, the executive vice president now owns 93,214 shares in the company, valued at $4,138,701.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John D. Mccallion sold 2,669 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $44.43, for a total transaction of $118,583.67. Following the transaction, the chief financial officer now owns 20,538 shares of the company’s stock, valued at approximately $912,503.34. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.
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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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