KBC Group NV trimmed its position in shares of Metlife Inc (NYSE:MET) by 5.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,306,279 shares of the financial services provider’s stock after selling 70,404 shares during the quarter. KBC Group NV’s holdings in Metlife were worth $66,046,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farmers National Bank purchased a new position in Metlife during the 2nd quarter worth approximately $118,000. Ffcm LLC grew its position in Metlife by 2,020.8% during the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,142 shares in the last quarter. Sandy Spring Bank grew its position in Metlife by 495.2% during the 4th quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,976 shares in the last quarter. Cable Hill Partners LLC grew its position in Metlife by 246.6% during the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,716 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in Metlife during the 3rd quarter worth approximately $151,000. Hedge funds and other institutional investors own 76.36% of the company’s stock.
Metlife Inc (MET) opened at $44.61 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.16. Metlife Inc has a fifty-two week low of $43.38 and a fifty-two week high of $55.91. The company has a market cap of $46,595.80, a price-to-earnings ratio of -89.22, a PEG ratio of 0.99 and a beta of 1.31.
MET has been the topic of several research analyst reports. Zacks Investment Research cut shares of Metlife from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price objective (up from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Sandler O’Neill cut shares of Metlife from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Deutsche Bank initiated coverage on shares of Metlife in a research report on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective on the stock. Finally, Wells Fargo & Co lowered their price objective on shares of Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Metlife has a consensus rating of “Hold” and an average target price of $57.65.
ILLEGAL ACTIVITY WARNING: “Metlife Inc (MET) Shares Sold by KBC Group NV” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://sportsperspectives.com/2018/02/10/metlife-inc-met-shares-sold-by-kbc-group-nv.html.
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.
Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Metlife Inc (NYSE:MET).
Receive News & Ratings for Metlife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metlife and related companies with MarketBeat.com's FREE daily email newsletter.