National Pension Service Buys 50,871 Shares of MetLife Inc. (MET)
National Pension Service increased its position in shares of MetLife Inc. (NYSE:MET) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 644,549 shares of the company’s stock after buying an additional 50,871 shares during the period. National Pension Service owned approximately 0.06% of MetLife worth $28,637,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in MetLife during the second quarter worth about $110,000. ClariVest Asset Management LLC raised 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 worth $112,000 after buying an additional 8 shares during the last quarter. Manchester Capital Management LLC raised 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 worth $115,000 after buying an additional 9 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in MetLife by 51.5% in the third quarter. Carroll Financial Associates Inc. now owns 2,625 shares of the company’s stock worth $116,000 after buying an additional 892 shares during the last quarter. Finally, First New York Securities LLC NY acquired a new stake in MetLife during the second quarter worth about $119,000. Institutional investors own 74.19% of the company’s stock.
MetLife Inc. (NYSE:MET) traded up 1.40% during midday trading on Wednesday, hitting $54.95. 1,022,464 shares of the company traded hands. The stock’s 50-day moving average price is $49.69 and its 200 day moving average price is $44.47. The company has a market capitalization of $60.40 billion, a price-to-earnings ratio of 16.88 and a beta of 1.66. MetLife Inc. has a 12-month low of $35.00 and a 12-month high of $55.49.
MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. MetLife had a net margin of 5.58% and a return on equity of 6.99%. The firm had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $17.03 billion. During the same period in the previous year, the firm posted $0.62 EPS. The company’s revenue for the quarter was down 99.9% on a year-over-year basis. On average, equities analysts forecast that MetLife Inc. will post $4.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Monday, November 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.60 annualized dividend and a yield of 2.95%. MetLife’s dividend payout ratio (DPR) is presently 49.23%.
A number of analysts have recently issued reports on the company. Deutsche Bank AG restated a “hold” rating and issued a $44.00 target price on shares of MetLife in a report on Saturday, October 8th. FBR & Co restated a “buy” rating on shares of MetLife in a report on Thursday, November 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $51.00 price target on shares of MetLife in a research note on Friday, November 4th. Argus reaffirmed a “buy” rating and issued a $54.00 price target on shares of MetLife in a research note on Wednesday, September 7th. Finally, TheStreet raised shares of MetLife from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. MetLife has a consensus rating of “Buy” and an average price target of $51.35.
In other MetLife news, EVP Maria R. Morris sold 8,800 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $45.00, for a total transaction of $396,000.00. Following the sale, the executive vice president now directly owns 116,409 shares of the company’s stock, valued at approximately $5,238,405. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Frans Hijkoop sold 56,250 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $51.48, for a total transaction of $2,895,750.00. Following the sale, the executive vice president now directly owns 111,813 shares in the company, valued at $5,756,133.24. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
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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