Alps Advisors Inc. Buys Shares of 9,041 MetLife, Inc. (MET)

Alps Advisors Inc. bought a new position in MetLife, Inc. (NYSE:MET) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,041 shares of the financial services provider’s stock, valued at approximately $470,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farmers National Bank acquired a new position in shares of MetLife in the 2nd quarter worth approximately $118,000. Cable Hill Partners LLC raised its holdings in shares of MetLife by 246.6% in the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,716 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of MetLife by 50.7% in the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares in the last quarter. First Mercantile Trust Co. raised its holdings in shares of MetLife by 3.4% in the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock worth $161,000 after buying an additional 97 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its holdings in shares of MetLife by 5.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,013 shares of the financial services provider’s stock worth $165,000 after buying an additional 166 shares in the last quarter. 75.85% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have recently issued reports on the company. Sandler O’Neill cut MetLife from a “buy” rating to a “hold” rating in a report on Friday, November 10th. ValuEngine cut MetLife from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded MetLife from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, November 9th. B. Riley restated a “neutral” rating on shares of MetLife in a research report on Monday, November 6th. Finally, Argus increased their price target on MetLife from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.40.

In other news, insider Christopher G. Townsend sold 55,712 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the transaction, the insider now directly owns 25,181 shares in the company, valued at approximately $1,367,076.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher G. Townsend sold 82,731 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $54.60, for a total value of $4,517,112.60. Following the completion of the transaction, the insider now owns 49,660 shares in the company, valued at $2,711,436. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

MetLife, Inc. (MET) opened at $51.65 on Monday. MetLife, Inc. has a 12-month low of $44.26 and a 12-month high of $55.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $54,351.24, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 6th will be given a $0.40 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.10%. MetLife’s dividend payout ratio is currently -320.00%.

MetLife Profile

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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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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