MetLife Inc. (NYSE:MET) EVP Maria R. Morris sold 8,800 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $45.00, for a total value of $396,000.00. Following the sale, the executive vice president now 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 can be accessed through the SEC website.
MetLife Inc. (NYSE:MET) opened at 47.15 on Friday. The stock’s 50 day moving average is $43.39 and its 200 day moving average is $43.08. The firm has a market capitalization of $51.81 billion, a P/E ratio of 12.39 and a beta of 1.84. MetLife Inc. has a one year low of $35.00 and a one year high of $52.45.
MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by $0.52. MetLife had a net margin of 6.49% and a return on equity of 6.18%. The business earned $17 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the firm posted $1.56 earnings per share. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts predict that MetLife Inc. will post $4.64 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in MetLife by 24.9% in the first quarter. Acadian Asset Management LLC now owns 13,471 shares of the company’s stock worth $592,000 after buying an additional 2,682 shares in the last quarter. IFP Advisors Inc raised its position in MetLife by 3.6% in the first quarter. IFP Advisors Inc now owns 6,618 shares of the company’s stock worth $291,000 after buying an additional 229 shares in the last quarter. Nikko Asset Management Americas Inc. raised its position in MetLife by 31.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,160 shares of the company’s stock worth $320,000 after buying an additional 1,700 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in MetLife during the first quarter worth $118,571,000. Finally, Shufro Rose & Co. LLC raised its position in MetLife by 6.4% in the first quarter. Shufro Rose & Co. LLC now owns 277,083 shares of the company’s stock worth $12,175,000 after buying an additional 16,636 shares in the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded MetLife from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Citigroup Inc. cut their price target on MetLife from $46.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Deutsche Bank AG cut their price target on MetLife from $47.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, July 7th. Evercore ISI assumed coverage on MetLife in a research note on Wednesday, July 6th. They issued a “buy” rating and a $52.00 price target for the company. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $51.00 price target on shares of MetLife in a research note on Wednesday, July 6th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. MetLife currently has an average rating of “Buy” and a consensus target price of $52.45.
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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