MetLife, Inc. (MET) Holdings Lifted by Advisor Group Inc.

Advisor Group Inc. grew its position in MetLife, Inc. (NYSE:MET) by 65.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,412 shares of the financial services provider’s stock after purchasing an additional 37,853 shares during the period. Advisor Group Inc.’s holdings in MetLife were worth $4,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First National Trust Co. lifted its stake in shares of MetLife by 1.6% in the 3rd quarter. First National Trust Co. now owns 63,661 shares of the financial services provider’s stock worth $3,307,000 after acquiring an additional 1,019 shares during the period. Parkside Investments LLC lifted its stake in shares of MetLife by 6.0% in the 3rd quarter. Parkside Investments LLC now owns 51,769 shares of the financial services provider’s stock worth $2,689,000 after acquiring an additional 2,953 shares during the period. Toronto Dominion Bank lifted its stake in shares of MetLife by 3.2% in the 3rd quarter. Toronto Dominion Bank now owns 445,177 shares of the financial services provider’s stock worth $23,130,000 after acquiring an additional 13,630 shares during the period. New York State Common Retirement Fund lifted its stake in shares of MetLife by 3.3% in the 3rd quarter. New York State Common Retirement Fund now owns 2,467,700 shares of the financial services provider’s stock worth $128,197,000 after acquiring an additional 78,600 shares during the period. Finally, BTC Capital Management Inc. lifted its stake in shares of MetLife by 1.8% in the 3rd quarter. BTC Capital Management Inc. now owns 62,403 shares of the financial services provider’s stock worth $3,241,000 after acquiring an additional 1,128 shares during the period. Hedge funds and other institutional investors own 74.00% of the company’s stock.

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In related news, insider Christopher G. Townsend sold 55,712 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher G. Townsend sold 82,731 shares of the company’s stock in a transaction that occurred on 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. 0.32% of the stock is currently owned by corporate insiders.

Shares of MetLife, Inc. (NYSE:MET) traded down $0.16 during trading hours on Tuesday, hitting $52.00. 844,466 shares of the company traded hands, compared to its average volume of 5,874,213. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The stock has a market cap of $54,930.01, a P/E ratio of 10.04, a PEG ratio of 1.31 and a beta of 1.51. MetLife, Inc. has a fifty-two week low of $44.26 and a fifty-two week high of $55.91.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.47 billion. MetLife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 EPS. sell-side analysts predict that MetLife, Inc. will post 4.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 6th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.08%. MetLife’s dividend payout ratio (DPR) is presently -320.00%.

MetLife declared that its board has authorized a stock buyback plan on Wednesday, November 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

A number of analysts have recently weighed in on MET shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $56.00 price target on shares of MetLife in a research note on Wednesday, September 6th. UBS AG reaffirmed a “neutral” rating and issued a $49.00 price target (down from $57.00) on shares of MetLife in a research note on Friday, September 1st. ValuEngine lowered shares of MetLife from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 26th. J P Morgan Chase & Co started coverage on shares of MetLife in a research note on Monday, July 24th. They issued a “hold” rating and a $78.00 price target for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $59.00 price target on shares of MetLife in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $58.40.

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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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