MetLife Inc. (MET) Shares Bought by Visionary Asset Management Inc.
Visionary Asset Management Inc. boosted its position in MetLife Inc. (NYSE:MET) by 4.2% during the third quarter, Holdings Channel reports. The firm owned 62,735 shares of the company’s stock after buying an additional 2,555 shares during the period. Visionary Asset Management Inc.’s holdings in MetLife were worth $2,787,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in MetLife during the second quarter worth $110,000. ClariVest Asset Management LLC increased its position in MetLife by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 2,806 shares of the company’s stock worth $112,000 after buying an additional 8 shares during the period. Manchester Capital Management LLC increased its position in MetLife by 0.3% in the second quarter. Manchester Capital Management LLC now owns 2,891 shares of the company’s stock worth $115,000 after buying an additional 9 shares during the period. Carroll Financial Associates Inc. increased its position in MetLife by 51.5% in the third quarter. Carroll Financial Associates Inc. now owns 2,625 shares of the company’s stock worth $116,000 after buying an additional 892 shares during the period. Finally, First New York Securities LLC NY purchased a new position in MetLife during the second quarter worth $119,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.
Shares of MetLife Inc. (NYSE:MET) traded up 1.51% during trading on Wednesday, reaching $55.01. The company had a trading volume of 6,891,308 shares. The company’s 50 day moving average is $49.88 and its 200-day moving average is $44.55. The stock has a market capitalization of $60.46 billion, a price-to-earnings ratio of 16.90 and a beta of 1.66. MetLife Inc. has a 1-year low of $35.00 and a 1-year high of $55.49.
MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.04. MetLife had a net margin of 5.58% and a return on equity of 6.99%. The business had revenue of $17.70 billion for the quarter, compared to analyst estimates of $17.03 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was down 99.9% on a year-over-year basis. On average, equities research analysts anticipate that MetLife Inc. will post $4.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Monday, November 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, November 3rd. MetLife’s dividend payout ratio is currently 49.23%.
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Several research firms recently weighed in on MET. Bank of America Corp. set a $51.00 price target on MetLife and gave the stock a “buy” rating in a research note on Thursday, October 6th. Argus set a $54.00 price target on MetLife and gave the stock a “buy” rating in a research note on Friday, October 7th. JPMorgan Chase & Co. restated a “buy” rating and issued a $51.00 price target on shares of MetLife in a research note on Friday, November 4th. FBR & Co restated a “buy” rating on shares of MetLife in a research note on Thursday, November 3rd. Finally, TheStreet upgraded MetLife from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $51.35.
In other news, EVP Frans Hijkoop sold 56,250 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $51.48, for a total transaction of $2,895,750.00. Following the sale, the executive vice president now directly owns 111,813 shares of the company’s stock, valued at $5,756,133.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria R. Morris sold 8,800 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $45.00, for a total transaction of $396,000.00. Following the sale, the executive vice president now directly owns 116,409 shares in the company, valued at $5,238,405. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.
MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).
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