Metlife Inc (MET) Position Lessened by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL cut its holdings in Metlife Inc (NYSE:MET) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 367,426 shares of the financial services provider’s stock after selling 3,014 shares during the period. Gofen & Glossberg LLC IL’s holdings in Metlife were worth $18,577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers National Bank bought a new stake in shares of Metlife in the second quarter worth about $118,000. Ffcm LLC grew its stake in shares of Metlife by 2,020.8% in the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,142 shares during the last quarter. Cable Hill Partners LLC grew its stake in shares of Metlife by 246.6% in the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,716 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Metlife in the third quarter worth about $151,000. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Metlife in the second quarter worth about $181,000. 76.27% of the stock is currently owned by institutional investors.

In other news, insider Christopher G. Townsend sold 82,731 shares of Metlife stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the completion of the transaction, the insider now directly owns 49,660 shares in the company, valued at $2,711,436. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher G. Townsend sold 55,712 shares of Metlife stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the transaction, the insider now owns 25,181 shares of the company’s stock, valued at $1,367,076.49. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Several analysts recently issued reports on MET shares. TheStreet raised Metlife from a “c+” rating to a “b” rating in a research note on Wednesday, October 4th. ValuEngine cut Metlife from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 10th. Argus raised their target price on Metlife from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Metlife in a research report on Wednesday, October 18th. Finally, Zacks Investment Research raised Metlife from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Metlife presently has an average rating of “Hold” and a consensus target price of $57.90.

Shares of Metlife Inc (MET) opened at $53.33 on Tuesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $56,120.00, a P/E ratio of 115.93, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49. Metlife Inc has a 12-month low of $44.26 and a 12-month high of $55.91.

Metlife (NYSE:MET) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. Metlife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.47 billion. During the same period in the previous year, the firm posted $1.28 EPS. The business’s revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Metlife Inc will post 4.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.00%. Metlife’s payout ratio is 347.83%.

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Metlife 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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