New Mexico Educational Retirement Board decreased its holdings in Metlife Inc (NYSE:MET) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,887 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Metlife were worth $5,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. boosted its position in shares of Metlife by 0.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 38 shares in the last quarter. Forward Management LLC boosted its position in shares of Metlife by 0.4% during the 2nd quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 41 shares in the last quarter. Aspen Investment Management Inc boosted its position in shares of Metlife by 0.7% during the 2nd quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 50 shares in the last quarter. Apriem Advisors boosted its position in shares of Metlife by 0.6% during the 2nd quarter. Apriem Advisors now owns 13,060 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 74 shares in the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in shares of Metlife by 1.4% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 5,395 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 75 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Metlife Inc (NYSE MET) traded down $0.35 on Friday, hitting $52.49. 4,281,700 shares of the company were exchanged, compared to its average volume of 5,689,550. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.31. Metlife Inc has a 12 month low of $44.26 and a 12 month high of $55.91. The firm has a market cap of $55,587.69, a price-to-earnings ratio of 10.16, a PEG ratio of 1.33 and a beta of 1.49.

Metlife (NYSE:MET) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts predict that Metlife Inc will post 4.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 6th were issued a $0.40 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.05%. Metlife’s dividend payout ratio is presently -320.00%.

MET has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price objective (up previously from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Credit Suisse Group reissued a “neutral” rating and set a $53.00 price objective (down previously from $64.00) on shares of Metlife in a research report on Monday, August 28th. Morgan Stanley increased their price objective on shares of Metlife from $54.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Sandler O’Neill cut shares of Metlife from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, ValuEngine raised shares of Metlife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $58.52.

In other Metlife news, insider Christopher G. Townsend sold 55,712 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $54.29, for a total value of $3,024,604.48. Following the completion of the sale, the insider now owns 25,181 shares in the company, valued at approximately $1,367,076.49. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher G. Townsend sold 82,731 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the completion of the sale, the insider now owns 49,660 shares of the company’s stock, valued at approximately $2,711,436. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

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About Metlife

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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