Convergence Investment Partners LLC lowered its position in shares of MetLife, Inc. (NYSE:MET) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,313 shares of the financial services provider’s stock after selling 2,021 shares during the period. Convergence Investment Partners LLC’s holdings in MetLife were worth $1,835,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MET. Aviance Capital Management LLC lifted its holdings in MetLife by 4.6% during the 1st quarter. Aviance Capital Management LLC now owns 9,389 shares of the financial services provider’s stock worth $496,000 after buying an additional 416 shares during the period. Aldebaran Financial Inc. lifted its holdings in MetLife by 1.2% during the 1st quarter. Aldebaran Financial Inc. now owns 34,321 shares of the financial services provider’s stock worth $1,813,000 after buying an additional 400 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in MetLife by 10.4% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 327,626 shares of the financial services provider’s stock worth $17,305,000 after buying an additional 30,969 shares during the period. Park National Corp OH lifted its holdings in MetLife by 2.5% during the 2nd quarter. Park National Corp OH now owns 6,445 shares of the financial services provider’s stock worth $354,000 after buying an additional 155 shares during the period. Finally, Trust Co lifted its holdings in MetLife by 13.1% during the 1st quarter. Trust Co now owns 36,154 shares of the financial services provider’s stock worth $1,909,000 after buying an additional 4,175 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

In related news, insider Christopher G. Townsend sold 82,731 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher G. Townsend sold 55,712 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the transaction, the insider now directly owns 25,181 shares in the company, valued at $1,367,076.49. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Shares of MetLife, Inc. (NYSE MET) traded down $0.58 during trading hours on Wednesday, hitting $53.04. The stock had a trading volume of 4,131,200 shares, compared to its average volume of 5,738,007. The firm has a market cap of $56,424.27, 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 12 month low of $44.26 and a 12 month high of $55.91.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.47 billion. MetLife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. research analysts predict that MetLife, Inc. will post 4.43 EPS for the current fiscal year.

The firm also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, November 3rd. MetLife’s dividend payout ratio is -320.00%.

MET has been the topic of several recent research reports. TheStreet raised MetLife from a “c+” rating to a “b” rating in a report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $56.00 target price on shares of MetLife in a report on Wednesday, September 6th. Langen Mcalenn reaffirmed a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. Argus cut their target price on MetLife from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Finally, FBR & Co reaffirmed a “buy” rating and set a $53.00 target price on shares of MetLife in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $58.40.

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MetLife 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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