CLS Investments LLC Sells 946 Shares of MetLife, Inc. (MET)
CLS Investments LLC reduced its position in MetLife, Inc. (NYSE:MET) by 14.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,720 shares of the financial services provider’s stock after selling 946 shares during the quarter. CLS Investments LLC’s holdings in MetLife were worth $314,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MET. Waldron LP raised its holdings in shares of MetLife by 5.1% in the first quarter. Waldron LP now owns 6,492 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 315 shares in the last quarter. Advisor Partners LLC raised its holdings in MetLife by 16.5% in the first quarter. Advisor Partners LLC now owns 18,229 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 2,588 shares in the last quarter. Wright Investors Service Inc. raised its holdings in MetLife by 2.2% in the first quarter. Wright Investors Service Inc. now owns 39,765 shares of the financial services provider’s stock worth $2,100,000 after purchasing an additional 850 shares in the last quarter. Advisory Services Network LLC bought a new position in MetLife in the first quarter worth about $426,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in MetLife by 4.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 151,802 shares of the financial services provider’s stock worth $8,018,000 after purchasing an additional 6,079 shares in the last quarter. Hedge funds and other institutional investors own 74.24% of the company’s stock.
A number of equities analysts have commented on the stock. Langen Mcalenn reiterated a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a report on Monday, August 7th. BidaskClub upgraded shares of MetLife from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $59.00 target price on shares of MetLife in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of MetLife from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. MetLife presently has a consensus rating of “Hold” and a consensus price target of $57.95.
Shares of MetLife, Inc. (NYSE MET) opened at 48.65 on Thursday. The stock has a market cap of $51.71 billion, a price-to-earnings ratio of 572.35 and a beta of 1.44. The company has a 50-day moving average price of $47.85 and a 200-day moving average price of $47.26. MetLife, Inc. has a 12 month low of $38.17 and a 12 month high of $51.77.
MetLife (NYSE:MET) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. During the same quarter last year, the company earned $0.83 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts expect that MetLife, Inc. will post $4.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, August 3rd. MetLife’s dividend payout ratio (DPR) is presently 1,777.98%.
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.
Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MetLife, Inc. (NYSE:MET).
Receive News & Stock Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related stocks with our FREE daily email newsletter.