Traders Sell Shares of Metlife (MET) on Strength (MET)
Traders sold shares of Metlife Inc (NYSE:MET) on strength during trading hours on Wednesday. $34.45 million flowed into the stock on the tick-up and $57.54 million flowed out of the stock on the tick-down, for a money net flow of $23.09 million out of the stock. Of all stocks tracked, Metlife had the 23rd highest net out-flow for the day. Metlife traded up $0.06 for the day and closed at $46.95
MET has been the topic of a number of recent analyst reports. ValuEngine cut Metlife from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research cut Metlife from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price (up previously from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Deutsche Bank started coverage on Metlife in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 target price on the stock. Finally, Argus lifted their target price on Metlife from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $57.77.
The stock has a market cap of $49,410.00, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.16.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s dividend payout ratio (DPR) is currently 39.41%.
Several large investors have recently added to or reduced their stakes in MET. Intl Fcstone Inc. bought a new stake in shares of Metlife during the second quarter worth about $383,000. Assenagon Asset Management S.A. grew its holdings in shares of Metlife by 112.7% during the third quarter. Assenagon Asset Management S.A. now owns 55,013 shares of the financial services provider’s stock worth $2,858,000 after purchasing an additional 489,471 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Metlife by 6.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 644,920 shares of the financial services provider’s stock worth $33,504,000 after purchasing an additional 38,766 shares during the last quarter. Rockefeller Financial Services Inc. grew its holdings in shares of Metlife by 189.7% during the third quarter. Rockefeller Financial Services Inc. now owns 37,153 shares of the financial services provider’s stock worth $1,930,000 after purchasing an additional 24,330 shares during the last quarter. Finally, OLD Second National Bank of Aurora grew its holdings in shares of Metlife by 8.0% during the third quarter. OLD Second National Bank of Aurora now owns 52,822 shares of the financial services provider’s stock worth $2,744,000 after purchasing an additional 3,930 shares during the last quarter. Institutional investors own 76.25% of the company’s stock.
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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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