MetLife, Inc. (MET) Holdings Increased by Sei Investments Co.
Sei Investments Co. boosted its position in MetLife, Inc. (NYSE:MET) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,071 shares of the financial services provider’s stock after purchasing an additional 58,351 shares during the quarter. Sei Investments Co. owned about 0.06% of MetLife worth $34,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farmers National Bank purchased a new stake in MetLife in the 2nd quarter worth approximately $118,000. Cable Hill Partners LLC lifted its stake in MetLife by 246.6% in the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,716 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 worth $140,000 after purchasing an additional 2,300 shares in the last quarter. 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 worth $143,000 after purchasing an additional 924 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its stake in MetLife by 3.4% in the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 73.79% of the company’s stock.
Shares of MetLife, Inc. (NYSE:MET) traded down $0.61 during trading on Friday, reaching $52.20. 4,853,100 shares of the company’s stock were exchanged, compared to its average volume of 4,040,548. The company has a market cap of $54,930.01, a price-to-earnings ratio of 10.04, a PEG ratio of 1.31 and a beta of 1.51. MetLife, Inc. has a 1-year low of $44.26 and a 1-year high of $55.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.16.
MetLife (NYSE:MET) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. MetLife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. sell-side analysts expect that MetLife, Inc. will post 4.43 earnings per share for the current year.
MetLife announced that its board has approved a stock buyback program on Wednesday, November 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Friday, November 3rd. MetLife’s dividend payout ratio (DPR) is presently -320.00%.
Several research firms have issued reports on MET. Langen Mcalenn reiterated a “buy” rating on shares of MetLife in a research note on Wednesday, August 16th. ValuEngine lowered shares of MetLife from a “strong-buy” rating to a “buy” rating in a report on Thursday. Sandler O’Neill lowered shares of MetLife from a “buy” rating to a “hold” rating in a report on Friday. B. Riley reissued a “neutral” rating on shares of MetLife in a report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $59.00 price target on shares of MetLife in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $58.40.
In other MetLife news, insider Christopher G. Townsend sold 82,731 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $54.60, for a total value of $4,517,112.60. Following the sale, the insider now owns 49,660 shares of the company’s stock, valued at approximately $2,711,436. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher G. Townsend sold 55,712 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the completion of the sale, the insider now directly owns 25,181 shares in the company, valued at approximately $1,367,076.49. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
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).
Receive News & Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related companies with MarketBeat.com's FREE daily email newsletter.