Insider Buying: Metlife Inc (MET) Director Purchases $879,691.65 in Stock

Metlife Inc (NYSE:MET) Director James M. Kilts purchased 17,205 shares of the stock in a transaction on Wednesday, March 22nd. The stock was bought at an average cost of $51.13 per share, for a total transaction of $879,691.65. Following the completion of the acquisition, the director now owns 59,443 shares in the company, valued at $3,039,320.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Metlife Inc (NYSE:MET) opened at 51.69 on Tuesday. The firm has a market cap of $56.20 billion, a price-to-earnings ratio of 82.05 and a beta of 1.65. The company’s 50 day moving average is $53.11 and its 200 day moving average is $51.42. Metlife Inc has a 52-week low of $36.17 and a 52-week high of $58.09.

Metlife (NYSE:MET) last released its quarterly earnings results on Wednesday, February 1st. The company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.34 by $0.06. Metlife had a return on equity of 7.17% and a net margin of 1.30%. The firm had revenue of $12.08 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was down 29.1% compared to the same quarter last year. Analysts anticipate that Metlife Inc will post $5.31 earnings per share for the current year.

Insider Buying and Selling by Quarter for Metlife (NYSE:MET)

The company also recently declared a quarterly dividend, which was paid on Monday, March 13th. Investors of record on Monday, February 6th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, February 2nd. Metlife’s dividend payout ratio (DPR) is presently 262.30%.

TRADEMARK VIOLATION WARNING: This report was originally published by Mideast Time and is owned by of Mideast Time. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.mideasttime.com/insider-buying-metlife-inc-met-director-purchases-879691-65-in-stock/1590024.html.

MET has been the topic of several research analyst reports. FBR & Co cut shares of Metlife from an “outperform” rating to a “market perform” rating and set a $54.00 price target on the stock. in a report on Monday, November 28th. They noted that the move was a valuation call. Standpoint Research cut shares of Metlife from a “buy” rating to a “hold” rating in a report on Friday, December 9th. Zacks Investment Research cut shares of Metlife from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Deutsche Bank AG raised shares of Metlife from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Monday, January 23rd. Finally, Citigroup Inc initiated coverage on shares of Metlife in a report on Thursday, January 26th. They issued a “sell” rating and a $51.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $54.48.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobus Wealth Management Inc. bought a new position in shares of Metlife during the third quarter valued at about $104,000. Carroll Financial Associates Inc. boosted its position in shares of Metlife by 51.5% in the third quarter. Carroll Financial Associates Inc. now owns 2,625 shares of the company’s stock valued at $116,000 after buying an additional 892 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of Metlife during the third quarter valued at about $120,000. Edge Wealth Management LLC boosted its position in shares of Metlife by 631.7% in the third quarter. Edge Wealth Management LLC now owns 3,000 shares of the company’s stock valued at $133,000 after buying an additional 2,590 shares during the last quarter. Finally, Alpha Windward LLC boosted its position in shares of Metlife by 2.5% in the third quarter. Alpha Windward LLC now owns 3,192 shares of the company’s stock valued at $142,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

About Metlife

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).

5 Day Chart for NYSE:MET

Receive News & Ratings for Metlife Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metlife Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.