MetLife Inc. (MET) Shares Sold by Wagner Bowman Management Corp
Wagner Bowman Management Corp reduced its position in shares of MetLife Inc. (NYSE:MET) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 22,325 shares of the company’s stock after selling 292 shares during the period. Wagner Bowman Management Corp’s holdings in MetLife were worth $889,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC raised its stake in shares of MetLife by 0.3% in the second quarter. Manchester Capital Management LLC now owns 2,891 shares of the company’s stock worth $115,000 after buying an additional 9 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of MetLife by 21.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,355 shares of the company’s stock worth $134,000 after buying an additional 595 shares during the last quarter. Fulton Bank N.A. bought a new stake in shares of MetLife during the second quarter worth $219,000. Windward Capital Management Co. CA raised its stake in shares of MetLife by 5.9% in the second quarter. Windward Capital Management Co. CA now owns 5,738 shares of the company’s stock worth $229,000 after buying an additional 320 shares during the last quarter. Finally, Osborn Rohs Williams & Donohoe Ltd raised its stake in shares of MetLife by 15.2% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 6,053 shares of the company’s stock worth $241,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 75.15% of the company’s stock.
Shares of MetLife Inc. (NYSE:MET) traded up 0.14% during mid-day trading on Tuesday, reaching $44.01. 4,814,485 shares of the company’s stock were exchanged. MetLife Inc. has a one year low of $35.00 and a one year high of $52.45. The company’s 50-day moving average price is $42.10 and its 200-day moving average price is $42.96. The company has a market capitalization of $48.36 billion, a PE ratio of 11.57 and a beta of 1.87.
MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 3rd. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by $0.52. The business had revenue of $17 billion for the quarter, compared to analysts’ expectations of $17.35 billion. MetLife had a net margin of 6.49% and a return on equity of 6.18%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the business posted $1.56 EPS. On average, equities analysts expect that MetLife Inc. will post $4.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Monday, August 8th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Thursday, August 4th. MetLife’s dividend payout ratio (DPR) is 42.11%.
A number of equities research analysts have recently weighed in on MET shares. Argus reaffirmed a “buy” rating on shares of MetLife in a research note on Monday, June 6th. Evercore ISI started coverage on shares of MetLife in a research note on Wednesday, July 6th. They set a “buy” rating and a $52.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $51.00 target price on shares of MetLife in a research note on Wednesday, July 6th. Sandler O’Neill raised shares of MetLife from a “hold” rating to a “buy” rating in a research note on Monday, June 27th. Finally, Zacks Investment Research raised shares of MetLife from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. MetLife has a consensus rating of “Buy” and an average price target of $52.45.
In other MetLife news, EVP Maria R. Morris sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $42.96, for a total transaction of $85,920.00. Following the transaction, the executive vice president now owns 109,273 shares of the company’s stock, valued at approximately $4,694,368.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.27% of the company’s stock.
MetLife Company Profile
MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).
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