Traders Sell Shares of MetLife, Inc. (MET) on Strength (MET)
Traders sold shares of MetLife, Inc. (NYSE:MET) on strength during trading on Friday. $21.56 million flowed into the stock on the tick-up and $49.80 million flowed out of the stock on the tick-down, for a money net flow of $28.24 million out of the stock. Of all companies tracked, MetLife had the 29th highest net out-flow for the day. MetLife traded up $0.33 for the day and closed at $47.14
A number of analysts have commented on MET shares. TheStreet lowered MetLife from a “b-” rating to a “c” rating in a report on Tuesday, May 16th. FBR & Co raised MetLife from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $54.00 to $58.00 in a report on Thursday, May 25th. BidaskClub raised MetLife from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. MetLife presently has an average rating of “Hold” and an average target price of $57.95.
The company’s 50-day moving average is $47.93 and its 200 day moving average is $47.26. The firm has a market cap of $50.10 billion, a price-to-earnings ratio of 554.59 and a beta of 1.44.
MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts predict that MetLife, Inc. will post $4.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, August 3rd. MetLife’s payout ratio is currently 1,777.98%.
Institutional investors have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC purchased a new position in MetLife in the 1st quarter valued at about $107,000. Farmers National Bank purchased a new position in MetLife in the 2nd quarter valued at about $118,000. First Personal Financial Services lifted its stake in MetLife by 11.5% in the 1st quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after buying an additional 266 shares in the last quarter. Westside Investment Management Inc. lifted its stake in MetLife by 583.8% in the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after buying an additional 2,300 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in MetLife by 50.7% in the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after buying an additional 924 shares in the last quarter. 74.24% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: “Traders Sell Shares of MetLife, Inc. (MET) on Strength (MET)” was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/09/08/traders-sell-shares-of-metlife-inc-met-on-strength-met-2.html.
MetLife Company 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.