Welch & Forbes LLC decreased its holdings in MetLife, Inc. (NYSE:MET) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,520 shares of the financial services provider’s stock after selling 4,212 shares during the period. Welch & Forbes LLC’s holdings in MetLife were worth $5,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of MetLife by 0.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 163,684 shares of the financial services provider’s stock worth $8,503,000 after acquiring an additional 1,400 shares during the period. KBC Group NV boosted its stake in shares of MetLife by 8.9% in the third quarter. KBC Group NV now owns 1,376,683 shares of the financial services provider’s stock worth $71,520,000 after acquiring an additional 112,881 shares during the period. MUFG Americas Holdings Corp boosted its stake in shares of MetLife by 38.3% in the third quarter. MUFG Americas Holdings Corp now owns 11,204 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 3,105 shares during the period. Cutler Capital Management LLC boosted its stake in shares of MetLife by 1.9% in the third quarter. Cutler Capital Management LLC now owns 160,917 shares of the financial services provider’s stock worth $8,360,000 after acquiring an additional 3,000 shares during the period. Finally, Darrell & King LLC boosted its stake in shares of MetLife by 1.2% in the third quarter. Darrell & King LLC now owns 621,677 shares of the financial services provider’s stock worth $32,296,000 after acquiring an additional 7,207 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on MET. Goldman Sachs Group began coverage on MetLife in a research note on Wednesday, October 18th. They set a “conviction-buy” rating and a $61.00 price target for the company. Langen Mcalenn reissued a “buy” rating on shares of MetLife in a research note on Wednesday, August 16th. B. Riley reissued a “neutral” rating on shares of MetLife in a research note on Monday, November 6th. Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a research note on Monday, August 7th. Finally, BidaskClub raised MetLife from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $58.40.

In other news, insider Christopher G. Townsend sold 55,712 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the completion of the sale, the insider now directly owns 25,181 shares of the company’s stock, valued at approximately $1,367,076.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher G. Townsend sold 82,731 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 49,660 shares of the company’s stock, valued at $2,711,436. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

MetLife, Inc. (MET) traded down $0.07 during trading hours on Friday, hitting $53.61. The stock had a trading volume of 4,818,963 shares, compared to its average volume of 5,751,913. The company has a market cap of $56,410.00, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 1.32 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 current ratio of 0.16 and a quick ratio of 0.16.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.19. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.47 billion. MetLife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. analysts expect that MetLife, Inc. will post 4.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, November 3rd. MetLife’s payout ratio is 347.83%.

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MetLife 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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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