Metlife Inc (MET) Holdings Trimmed by Parkside Investments LLC

Parkside Investments LLC trimmed its holdings in Metlife Inc (NYSE:MET) by 10.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,444 shares of the financial services provider’s stock after selling 5,325 shares during the quarter. Parkside Investments LLC’s holdings in Metlife were worth $2,348,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MET. Epoch Investment Partners Inc. boosted its stake in Metlife by 208.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock worth $534,623,000 after purchasing an additional 6,954,917 shares during the period. TD Asset Management Inc. boosted its position in shares of Metlife by 20.5% during the 3rd quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock valued at $325,671,000 after acquiring an additional 1,067,700 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Metlife by 9,943.0% during the 4th quarter. Alps Advisors Inc. now owns 907,988 shares of the financial services provider’s stock valued at $45,908,000 after acquiring an additional 898,947 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Metlife by 58.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,178,614 shares of the financial services provider’s stock valued at $113,655,000 after acquiring an additional 806,800 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Metlife by 409.2% during the 2nd quarter. Janus Henderson Group PLC now owns 860,424 shares of the financial services provider’s stock valued at $47,272,000 after acquiring an additional 691,432 shares during the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.

A number of research firms have recently commented on MET. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price (up from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Morgan Stanley increased their target price on Metlife from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Argus increased their target price on Metlife from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research downgraded Metlife from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, B. Riley reiterated a “neutral” rating on shares of Metlife in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.65.

Shares of Metlife Inc (MET) opened at $44.61 on Friday. The stock has a market capitalization of $46,595.80, a price-to-earnings ratio of -89.22, a P/E/G ratio of 0.99 and a beta of 1.31. Metlife Inc has a 52-week low of $43.38 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.59%. Metlife’s dividend payout ratio is presently -320.00%.

COPYRIGHT VIOLATION NOTICE: “Metlife Inc (MET) Holdings Trimmed by Parkside Investments LLC” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.com-unik.info/2018/02/10/metlife-inc-met-holdings-trimmed-by-parkside-investments-llc.html.

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.

Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Metlife Inc (NYSE:MET).

Institutional Ownership by Quarter for Metlife (NYSE:MET)

Receive News & Ratings for Metlife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metlife and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit