Metlife Inc (MET) Holdings Reduced by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. cut its holdings in shares of Metlife Inc (NYSE:MET) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,644 shares of the financial services provider’s stock after selling 35,072 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Metlife were worth $9,963,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. FMR LLC increased its holdings in shares of Metlife by 12.3% in the third quarter. FMR LLC now owns 52,498,328 shares of the financial services provider’s stock worth $2,452,721,000 after purchasing an additional 5,760,379 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Metlife by 5.7% in the third quarter. Clearbridge Investments LLC now owns 11,094,762 shares of the financial services provider’s stock worth $518,347,000 after purchasing an additional 595,175 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Metlife by 3.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 10,890,882 shares of the financial services provider’s stock worth $508,822,000 after purchasing an additional 363,066 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Metlife by 1.9% in the third quarter. Pzena Investment Management LLC now owns 8,470,138 shares of the financial services provider’s stock worth $395,725,000 after purchasing an additional 155,350 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Metlife by 23.3% in the third quarter. Prudential Financial Inc. now owns 4,581,324 shares of the financial services provider’s stock worth $214,040,000 after purchasing an additional 866,060 shares during the last quarter. 77.16% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Carlos M. Gutierrez acquired 6,400 shares of Metlife stock in a transaction on Monday, December 17th. The shares were bought at an average cost of $39.04 per share, with a total value of $249,856.00. Following the completion of the purchase, the director now directly owns 4,668 shares of the company’s stock, valued at approximately $182,238.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Several brokerages have recently issued reports on MET. Zacks Investment Research cut Metlife from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Morgan Stanley lifted their target price on Metlife from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 13th. Royal Bank of Canada reduced their target price on Metlife from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, December 17th. Bank of America raised Metlife from a “neutral” rating to a “buy” rating and set a $44.06 target price on the stock in a report on Wednesday, January 16th. Finally, ValuEngine raised Metlife from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.16.

NYSE MET traded down $0.41 during trading hours on Tuesday, hitting $44.90. 28,954 shares of the company were exchanged, compared to its average volume of 5,334,613. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.14 and a quick ratio of 0.14. Metlife Inc has a 52 week low of $37.76 and a 52 week high of $55.21. The stock has a market capitalization of $44.71 billion, a P/E ratio of 9.97, a PEG ratio of 0.61 and a beta of 1.21.

Metlife (NYSE:MET) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.11. Metlife had a return on equity of 9.76% and a net margin of 7.62%. The company had revenue of $16.40 billion for the quarter, compared to analysts’ expectations of $15.88 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Metlife Inc will post 5.33 earnings per share for the current fiscal year.

Metlife declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 5th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, February 4th. This represents a $1.68 annualized dividend and a yield of 3.74%. Metlife’s payout ratio is currently 37.33%.

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Metlife Company Profile

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.

Further Reading: Outstanding Shares, Buying and Selling Stocks

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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