CVA Family Office LLC Sells 1,140 Shares of MetLife, Inc. (NYSE:MET)

CVA Family Office LLC decreased its position in MetLife, Inc. (NYSE:METGet Rating) by 52.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,045 shares of the financial services provider’s stock after selling 1,140 shares during the quarter. CVA Family Office LLC’s holdings in MetLife were worth $66,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in MetLife during the 4th quarter worth about $430,368,000. Bank of New York Mellon Corp grew its holdings in MetLife by 93.3% during the 1st quarter. Bank of New York Mellon Corp now owns 11,393,164 shares of the financial services provider’s stock worth $800,713,000 after acquiring an additional 5,499,871 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in MetLife by 164.2% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,461,926 shares of the financial services provider’s stock worth $153,846,000 after acquiring an additional 1,530,000 shares during the last quarter. Viking Global Investors LP bought a new stake in MetLife during the 1st quarter worth about $95,733,000. Finally, Envestnet Asset Management Inc. grew its holdings in MetLife by 95.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,582,973 shares of the financial services provider’s stock worth $181,531,000 after acquiring an additional 1,258,042 shares during the last quarter. Institutional investors own 86.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MET. Barclays set a $75.00 price objective on shares of MetLife in a report on Tuesday, July 19th. JPMorgan Chase & Co. cut their target price on shares of MetLife from $75.00 to $74.00 in a research report on Monday, July 11th. Citigroup assumed coverage on shares of MetLife in a research report on Monday, May 23rd. They set a “buy” rating and a $77.00 target price on the stock. Evercore ISI upped their target price on shares of MetLife to $81.00 in a research report on Tuesday, August 9th. Finally, Credit Suisse Group upped their target price on shares of MetLife from $68.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, August 22nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.92.

Insiders Place Their Bets

In other MetLife news, EVP Steven J. Goulart sold 4,060 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $67.60, for a total transaction of $274,456.00. Following the sale, the executive vice president now directly owns 55,299 shares in the company, valued at approximately $3,738,212.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

MetLife Stock Performance

Shares of NYSE:MET opened at $66.28 on Tuesday. The company has a market capitalization of $53.90 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 0.49 and a beta of 1.05. The firm’s 50 day simple moving average is $64.26 and its 200 day simple moving average is $65.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.13 and a quick ratio of 0.13. MetLife, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $73.18.

MetLife Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Tuesday, August 9th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $2.00 annualized dividend and a yield of 3.02%. MetLife’s dividend payout ratio (DPR) is currently 49.75%.

MetLife Profile

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MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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