MetLife, Inc. (MET) Shares Sold by Psagot Investment House Ltd.

Psagot Investment House Ltd. decreased its holdings in shares of MetLife, Inc. (NYSE:MET) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,000 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. Psagot Investment House Ltd.’s holdings in MetLife were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MET. Westside Investment Management Inc. raised its stake in MetLife by 583.8% during the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 2,300 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of MetLife by 50.7% during 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 during the last quarter. First Mercantile Trust Co. grew its holdings in shares of MetLife by 3.4% during 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 during the last quarter. Carroll Financial Associates Inc. grew its holdings in shares of MetLife by 5.8% during 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 during the last quarter. Finally, Rational Advisors LLC grew its holdings in shares of MetLife by 14.3% during the first quarter. Rational Advisors LLC now owns 3,325 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 415 shares during the last quarter. 74.25% of the stock is owned by hedge funds and other institutional investors.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. During the same period last year, the company earned $0.83 EPS. MetLife’s revenue for the quarter was up 2.5% compared to the same quarter last year.

Several analysts have recently weighed in on the company. FBR & Co cut MetLife from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $53.00 to $52.00 in a report on Tuesday. ValuEngine cut MetLife from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded MetLife from a “strong sell” rating to a “hold” rating in a report on Monday. TheStreet upgraded MetLife from a “c+” rating to a “b” rating in a report on Wednesday, October 4th. Finally, Morgan Stanley boosted their price target on MetLife from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. MetLife currently has a consensus rating of “Hold” and a consensus price target of $57.38.

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MetLife Company Profile

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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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