MetLife Inc. (MET) EVP Maria R. Morris Sells 8,800 Shares
MetLife Inc. (NYSE:MET) EVP Maria R. Morris sold 8,800 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $45.00, for a total value of $396,000.00. Following the completion of the sale, the executive vice president now owns 116,409 shares of the company’s stock, valued at approximately $5,238,405. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of MetLife Inc. (NYSE:MET) opened at 47.22 on Monday. The firm has a 50-day moving average of $43.58 and a 200 day moving average of $43.10. The firm has a market capitalization of $51.89 billion, a P/E ratio of 12.41 and a beta of 1.84. MetLife Inc. has a 52 week low of $35.00 and a 52 week high of $52.45.
MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 3rd. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by $0.52. The business had revenue of $17 billion for the quarter, compared to analyst estimates of $17.35 billion. MetLife had a return on equity of 6.18% and a net margin of 6.49%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. On average, equities research analysts expect that MetLife Inc. will post $4.64 EPS for the current fiscal year.
MET has been the subject of several research reports. Evercore ISI initiated coverage on shares of MetLife in a report on Wednesday, July 6th. They set a “buy” rating and a $52.00 price objective for the company. Deutsche Bank AG reissued a “hold” rating and set a $44.00 price objective on shares of MetLife in a report on Saturday. Citigroup Inc. lowered their price target on shares of MetLife from $46.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Zacks Investment Research raised shares of MetLife from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Argus reaffirmed a “buy” rating and issued a $54.00 price target on shares of MetLife in a report on Wednesday, September 7th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $51.95.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. ClariVest Asset Management LLC increased its stake in MetLife by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 2,806 shares of the company’s stock valued at $112,000 after buying an additional 8 shares during the period. Manchester Capital Management LLC increased its stake in MetLife by 0.3% in the second quarter. Manchester Capital Management LLC now owns 2,891 shares of the company’s stock valued at $115,000 after buying an additional 9 shares during the period. Private Bank & Trust Co. increased its stake in MetLife by 0.5% in the second quarter. Private Bank & Trust Co. now owns 7,515 shares of the company’s stock valued at $300,000 after buying an additional 40 shares during the period. Keeley Asset Management Corp increased its stake in MetLife by 0.8% in the second quarter. Keeley Asset Management Corp now owns 6,174 shares of the company’s stock valued at $246,000 after buying an additional 50 shares during the period. Finally, Atlantic Trust Group LLC increased its stake in MetLife by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 22,262 shares of the company’s stock valued at $887,000 after buying an additional 67 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.
MetLife Company Profile
MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).
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