Knuff & Co LLC Sells 4,875 Shares of Metlife Inc (MET)
Knuff & Co LLC lowered its stake in shares of Metlife Inc (NYSE:MET) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,785 shares of the financial services provider’s stock after selling 4,875 shares during the quarter. Metlife comprises 1.2% of Knuff & Co LLC’s holdings, making the stock its 23rd largest holding. Knuff & Co LLC’s holdings in Metlife were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. raised its stake in Metlife by 4,407.7% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 586 shares of the financial services provider’s stock valued at $25,000 after buying an additional 573 shares during the last quarter. JNBA Financial Advisors purchased a new stake in Metlife in the fourth quarter valued at about $26,000. Osborn Williams & Donohoe LLC purchased a new stake in Metlife in the first quarter valued at about $26,000. Bruderman Asset Management LLC purchased a new stake in Metlife in the fourth quarter valued at about $27,000. Finally, Berman Capital Advisors LLC purchased a new stake in Metlife in the fourth quarter valued at about $31,000. 77.77% of the stock is currently owned by institutional investors.
MET has been the subject of a number of research analyst reports. ValuEngine cut Metlife from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. UBS Group raised their price objective on Metlife from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Sandler O’Neill cut Metlife from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Tuesday, March 19th. Argus restated a “buy” rating on shares of Metlife in a research note on Tuesday, February 12th. Finally, Deutsche Bank raised their price objective on Metlife from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Metlife presently has a consensus rating of “Hold” and an average target price of $52.76.
Metlife (NYSE:MET) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.18. The firm had revenue of $15.45 billion during the quarter, compared to analysts’ expectations of $15.95 billion. Metlife had a return on equity of 10.20% and a net margin of 7.56%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. As a group, equities analysts predict that Metlife Inc will post 5.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 7th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.72%. This is a positive change from Metlife’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, May 6th. Metlife’s dividend payout ratio (DPR) is 32.65%.
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MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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