Shelton Capital Management Lowers Stake in Metlife Inc (MET)

Shelton Capital Management lessened its holdings in Metlife Inc (NYSE:MET) by 14.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,257 shares of the financial services provider’s stock after selling 14,000 shares during the quarter. Shelton Capital Management’s holdings in Metlife were worth $4,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new position in Metlife in the 3rd quarter worth $867,000. First Fiduciary Investment Counsel Inc. raised its position in Metlife by 1.3% in the 3rd quarter. First Fiduciary Investment Counsel Inc. now owns 306,685 shares of the financial services provider’s stock worth $15,932,000 after purchasing an additional 3,975 shares during the period. Salem Investment Counselors Inc. raised its position in Metlife by 21.9% in the 3rd quarter. Salem Investment Counselors Inc. now owns 42,330 shares of the financial services provider’s stock worth $2,205,000 after purchasing an additional 7,596 shares during the period. Gyroscope Capital Management Group LLC raised its position in Metlife by 14.2% in the 3rd quarter. Gyroscope Capital Management Group LLC now owns 116,392 shares of the financial services provider’s stock worth $6,047,000 after purchasing an additional 14,457 shares during the period. Finally, Moors & Cabot Inc. raised its position in Metlife by 12.6% in the 3rd quarter. Moors & Cabot Inc. now owns 20,252 shares of the financial services provider’s stock worth $1,051,000 after purchasing an additional 2,264 shares during the period. Institutional investors own 76.37% of the company’s stock.

A number of equities analysts have issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Metlife in a research report on Wednesday, October 18th. They issued a “conviction-buy” rating and a $61.00 price objective on the stock. B. Riley restated a “neutral” rating on shares of Metlife in a research report on Monday, November 6th. ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 10th. Wells Fargo & Company restated a “buy” rating on shares of Metlife in a research report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Metlife from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $58.52.

Shares of Metlife Inc (NYSE:MET) traded down $0.35 on Friday, hitting $52.49. 4,281,700 shares of the stock were exchanged, compared to its average volume of 5,689,550. The company has a market cap of $55,587.69, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 1.33 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16. Metlife Inc has a 52-week low of $44.26 and a 52-week high of $55.91.

Metlife (NYSE:MET) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. sell-side analysts expect that Metlife Inc will post 4.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Monday, November 6th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, November 3rd. Metlife’s payout ratio is -320.00%.

In other news, insider Christopher G. Townsend sold 55,712 shares of Metlife stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the sale, the insider now owns 25,181 shares of the company’s stock, valued at approximately $1,367,076.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher G. Townsend sold 82,731 shares of Metlife stock in a transaction dated 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 sale, the insider now directly owns 49,660 shares in the company, valued at approximately $2,711,436. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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