Ladenburg Thalmann Financial Services Inc. lifted its position in shares of MetLife, Inc. (NYSE:MET) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,179 shares of the financial services provider’s stock after purchasing an additional 7,741 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in MetLife were worth $5,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Farmers National Bank purchased a new stake in MetLife during the second quarter worth about $118,000. Ffcm LLC increased its holdings in MetLife by 2,020.8% during the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after buying an additional 2,142 shares during the last quarter. Cable Hill Partners LLC increased its holdings in MetLife by 246.6% during the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,716 shares during the last quarter. First Mercantile Trust Co. increased its holdings in MetLife by 3.4% during the second quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock worth $161,000 after buying an additional 97 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in MetLife by 8.1% during the second quarter. Parallel Advisors LLC now owns 2,970 shares of the financial services provider’s stock worth $163,000 after buying an additional 222 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

MET has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective (up previously from $56.00) on shares of MetLife in a report on Friday, November 3rd. Credit Suisse Group restated a “neutral” rating and set a $53.00 price objective (down previously from $64.00) on shares of MetLife in a report on Monday, August 28th. Morgan Stanley raised their price objective on shares of MetLife from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Sandler O’Neill downgraded shares of MetLife from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.40.

In related news, insider Christopher G. Townsend sold 55,712 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the completion of the transaction, the insider now owns 25,181 shares of the company’s stock, valued at $1,367,076.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher G. Townsend sold 82,731 shares of the business’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 transaction of $4,517,112.60. Following the transaction, the insider now directly owns 49,660 shares of the company’s stock, valued at approximately $2,711,436. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

MetLife, Inc. (NYSE:MET) traded up $0.03 on Wednesday, hitting $53.67. 4,704,400 shares of the stock traded hands, compared to its average volume of 5,698,559. The stock has a market capitalization of $56,445.32, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.49. 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, Inc. has a 52-week low of $44.26 and a 52-week high of $55.91.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.19. The firm had revenue of $16.10 billion during the quarter, compared to the consensus estimate 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 company earned $1.28 earnings per share. research analysts expect that MetLife, Inc. will post 4.43 earnings per share for the current year.

The firm also recently announced 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. The ex-dividend date is Friday, November 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.98%. MetLife’s payout ratio is -320.00%.

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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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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