Sky Investment Group LLC lowered its holdings in shares of Metlife Inc (NYSE:MET) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,028 shares of the financial services provider’s stock after selling 395 shares during the quarter. Sky Investment Group LLC’s holdings in Metlife were worth $597,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eqis Capital Management Inc. bought a new position in shares of Metlife during the first quarter worth about $353,000. Deprince Race & Zollo Inc. grew its holdings in shares of Metlife by 5.1% during the first quarter. Deprince Race & Zollo Inc. now owns 532,204 shares of the financial services provider’s stock worth $22,656,000 after buying an additional 25,624 shares in the last quarter. Rothschild Investment Corp IL grew its holdings in shares of Metlife by 1.9% during the first quarter. Rothschild Investment Corp IL now owns 76,119 shares of the financial services provider’s stock worth $3,240,000 after buying an additional 1,402 shares in the last quarter. RNC Capital Management LLC grew its holdings in shares of Metlife by 14.4% during the first quarter. RNC Capital Management LLC now owns 764,062 shares of the financial services provider’s stock worth $32,526,000 after buying an additional 95,973 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of Metlife by 13.9% during the first quarter. IFM Investors Pty Ltd now owns 56,736 shares of the financial services provider’s stock worth $2,415,000 after buying an additional 6,907 shares in the last quarter. 76.88% of the stock is currently owned by institutional investors.
MET stock opened at $45.32 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $43.38 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 0.98 and a beta of 1.18. Metlife Inc has a twelve month low of $37.76 and a twelve month high of $48.92.
In other news, EVP Steven J. Goulart sold 10,292 shares of Metlife stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $44.40, for a total transaction of $456,964.80. Following the completion of the transaction, the executive vice president now directly owns 93,214 shares in the company, valued at approximately $4,138,701.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John D. Mccallion sold 2,669 shares of Metlife stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $44.43, for a total value of $118,583.67. Following the transaction, the chief financial officer now owns 20,538 shares of the company’s stock, valued at $912,503.34. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.
A number of research firms recently issued reports on MET. Deutsche Bank increased their price objective on Metlife from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Friday, April 12th. UBS Group increased their price objective on Metlife from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. ValuEngine downgraded Metlife from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Sandler O’Neill downgraded Metlife from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a report on Tuesday, March 19th. Finally, Argus reiterated a “buy” rating on shares of Metlife in a report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Metlife has a consensus rating of “Hold” and a consensus target price of $52.76.
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MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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