Metlife Inc (MET) Holdings Cut by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lessened its position in shares of Metlife Inc (NYSE:MET) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,287 shares of the financial services provider’s stock after selling 2,400 shares during the period. New Mexico Educational Retirement Board’s holdings in Metlife were worth $3,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in Metlife by 4,191.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,828,417 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 12,529,511 shares in the last quarter. Norges Bank bought a new position in Metlife in the 4th quarter worth about $274,580,000. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Metlife by 2,954.4% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,311,734 shares of the financial services provider’s stock worth $94,919,000 after acquiring an additional 2,236,048 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Metlife by 4,778.5% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,324,512 shares of the financial services provider’s stock worth $28,350,000 after acquiring an additional 1,297,362 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Metlife by 833.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,235,142 shares of the financial services provider’s stock worth $50,711,000 after acquiring an additional 1,102,832 shares during the last quarter. 76.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Metlife stock opened at $46.19 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $44.22 billion, a PE ratio of 8.57, a PEG ratio of 0.98 and a beta of 1.18. Metlife Inc has a 12 month low of $37.76 and a 12 month high of $48.92.

Metlife (NYSE:MET) last announced its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.84 billion. Metlife had a return on equity of 10.24% and a net margin of 7.53%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. Research analysts forecast that Metlife Inc will post 5.48 EPS for the current year.

In other news, CFO John D. Mccallion sold 2,669 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $44.43, for a total transaction of $118,583.67. Following the transaction, the chief financial officer now directly owns 20,538 shares in the company, valued at approximately $912,503.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven J. Goulart sold 10,292 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $44.40, for a total value of $456,964.80. Following the transaction, the executive vice president now owns 93,214 shares in the company, valued at $4,138,701.60. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

MET has been the topic of a number of research analyst reports. Bank of America upgraded Metlife from a “neutral” rating to a “buy” rating and set a $44.06 target price on the stock in a research note on Wednesday, January 16th. Wells Fargo & Co restated a “buy” rating on shares of Metlife in a research note on Tuesday, January 8th. Sandler O’Neill upgraded Metlife from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Argus restated a “buy” rating on shares of Metlife in a research note on Tuesday, February 12th. Finally, Zacks Investment Research lowered Metlife from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.76.

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About Metlife

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.

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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