Checchi Capital Advisers LLC decreased its position in shares of MetLife Inc. (NYSE:MET) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,464 shares of the company’s stock after selling 632 shares during the period. Checchi Capital Advisers LLC’s holdings in MetLife were worth $297,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its stake in MetLife by 5.4% in the second quarter. LS Investment Advisors LLC now owns 33,490 shares of the company’s stock worth $1,334,000 after buying an additional 1,723 shares during the last quarter. Private Wealth Advisors Inc. boosted its stake in MetLife by 1.5% in the second quarter. Private Wealth Advisors Inc. now owns 23,378 shares of the company’s stock worth $931,000 after buying an additional 335 shares during the last quarter. Dowling & Yahnke LLC boosted its stake in MetLife by 6.5% in the second quarter. Dowling & Yahnke LLC now owns 53,694 shares of the company’s stock worth $2,139,000 after buying an additional 3,255 shares during the last quarter. Palo Capital Inc. purchased a new stake in MetLife during the second quarter worth approximately $286,000. Finally, Manchester Capital Management LLC boosted its stake in MetLife by 0.3% in the second quarter. Manchester Capital Management LLC now owns 2,891 shares of the company’s stock worth $115,000 after buying an additional 9 shares during the last quarter. 74.80% of the stock is owned by institutional investors.
Shares of MetLife Inc. (NYSE:MET) traded down 0.18% during mid-day trading on Friday, hitting $44.52. 6,542,333 shares of the stock traded hands. The firm’s 50 day moving average price is $42.34 and its 200 day moving average price is $43.00. MetLife Inc. has a 12-month low of $35.00 and a 12-month high of $52.45. The firm has a market cap of $48.92 billion, a price-to-earnings ratio of 11.70 and a beta of 1.87.
MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.83 EPS for the quarter, missing the consensus estimate 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 last year, the company earned $1.56 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts predict that MetLife Inc. will post $4.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 8th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.60 annualized dividend and a yield of 3.59%. MetLife’s dividend payout ratio (DPR) is 42.11%.
A number of research firms recently commented on MET. Wells Fargo & Co. reissued an “outperform” rating on shares of MetLife in a research report on Friday. Argus reaffirmed a “buy” rating and issued a $54.00 price target on shares of MetLife in a report on Wednesday, September 7th. FBR & Co raised their price target on shares of MetLife from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 29th. TheStreet cut shares of MetLife from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Finally, Deutsche Bank AG cut shares of MetLife from a “buy” rating to a “hold” rating and decreased their price target for the stock from $47.00 to $44.00 in a report on Wednesday, July 13th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.45.
In related news, EVP Maria R. Morris sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $42.96, for a total value of $85,920.00. Following the completion of the sale, the executive vice president now owns 109,273 shares in the company, valued at approximately $4,694,368.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.
MetLife Company Profile
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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