Everence Capital Management Inc. Sells 3,520 Shares of Metlife Inc (MET)

Everence Capital Management Inc. cut its holdings in shares of Metlife Inc (NYSE:MET) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,023 shares of the financial services provider’s stock after selling 3,520 shares during the quarter. Everence Capital Management Inc.’s holdings in Metlife were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MET. QS Investors LLC increased its holdings in shares of Metlife by 6.0% during the second quarter. QS Investors LLC now owns 17,337 shares of the financial services provider’s stock worth $952,000 after purchasing an additional 988 shares during the period. Zurich Insurance Group Ltd FI increased its holdings in shares of Metlife by 31.1% during the second quarter. Zurich Insurance Group Ltd FI now owns 160,346 shares of the financial services provider’s stock worth $8,809,000 after purchasing an additional 38,043 shares during the period. Capital World Investors increased its holdings in shares of Metlife by 0.7% during the second quarter. Capital World Investors now owns 420,416 shares of the financial services provider’s stock worth $23,098,000 after purchasing an additional 3,069 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in shares of Metlife by 30.8% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 297,050 shares of the financial services provider’s stock worth $16,320,000 after purchasing an additional 70,000 shares during the period. Finally, Prudential PLC increased its holdings in shares of Metlife by 3.9% during the second quarter. Prudential PLC now owns 1,352,363 shares of the financial services provider’s stock worth $66,498,000 after purchasing an additional 50,382 shares during the period. 76.28% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on MET shares. Zacks Investment Research raised shares of Metlife from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Thursday, November 9th. Deutsche Bank started coverage on shares of Metlife in a report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 target price on the stock. ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Sandler O’Neill cut shares of Metlife from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Wells Fargo & Co set a $62.00 target price on shares of Metlife and gave the stock a “buy” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. Metlife has a consensus rating of “Hold” and a consensus target price of $57.65.

In other Metlife news, insider Christopher G. Townsend sold 55,712 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $54.29, for a total value of $3,024,604.48. Following the sale, the insider now owns 25,181 shares in the company, valued at $1,367,076.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Shares of Metlife Inc (MET) opened at $47.56 on Friday. Metlife Inc has a 52-week low of $44.43 and a 52-week high of $55.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $50,920.75, a P/E ratio of -95.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be given a $0.40 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.36%. Metlife’s dividend payout ratio is currently -320.00%.

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About Metlife

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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