Whittier Trust Co. Sells 1,130 Shares of MetLife, Inc. (NYSE:MET)

Whittier Trust Co. lessened its stake in shares of MetLife, Inc. (NYSE:METFree Report) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,455 shares of the financial services provider’s stock after selling 1,130 shares during the period. Whittier Trust Co.’s holdings in MetLife were worth $1,154,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. IHT Wealth Management LLC raised its position in MetLife by 4.5% during the 4th quarter. IHT Wealth Management LLC now owns 3,466 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 150 shares in the last quarter. Carolinas Wealth Consulting LLC raised its holdings in shares of MetLife by 26.4% in the first quarter. Carolinas Wealth Consulting LLC now owns 767 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 160 shares in the last quarter. Harbour Investments Inc. lifted its stake in MetLife by 3.2% in the fourth quarter. Harbour Investments Inc. now owns 5,269 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 162 shares during the period. Eley Financial Management Inc increased its position in MetLife by 1.0% during the 3rd quarter. Eley Financial Management Inc now owns 16,348 shares of the financial services provider’s stock valued at $1,028,000 after purchasing an additional 168 shares during the period. Finally, KLCM Advisors Inc. raised its holdings in shares of MetLife by 3.6% in the 3rd quarter. KLCM Advisors Inc. now owns 4,920 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

MetLife Trading Down 0.9 %

Shares of MetLife stock opened at $72.62 on Friday. The firm’s 50 day simple moving average is $69.49 and its two-hundred day simple moving average is $65.59. The firm has a market capitalization of $52.51 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 0.55 and a beta of 1.03. MetLife, Inc. has a 12-month low of $48.95 and a 12-month high of $74.01. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.53.

MetLife (NYSE:METGet Free Report) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.02). MetLife had a net margin of 2.36% and a return on equity of 19.48%. The firm had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.07 billion. Analysts predict that MetLife, Inc. will post 8.81 EPS for the current year.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, February 6th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, February 5th. MetLife’s dividend payout ratio (DPR) is 113.66%.

Analysts Set New Price Targets

MET has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of MetLife from $85.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. UBS Group reduced their price target on MetLife from $87.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, February 5th. The Goldman Sachs Group raised MetLife from a “neutral” rating to a “buy” rating and raised their price objective for the company from $70.00 to $80.00 in a research report on Monday, January 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of MetLife from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and an average price target of $77.23.

Get Our Latest Stock Analysis on MetLife

Insider Activity at MetLife

In other MetLife news, insider Ramy Tadros sold 4,026 shares of MetLife stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $71.90, for a total transaction of $289,469.40. Following the completion of the sale, the insider now directly owns 146,981 shares in the company, valued at approximately $10,567,933.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other MetLife news, EVP Bill Pappas sold 27,000 shares of MetLife stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $72.27, for a total transaction of $1,951,290.00. Following the completion of the transaction, the executive vice president now owns 57,768 shares in the company, valued at approximately $4,174,893.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ramy Tadros sold 4,026 shares of MetLife stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $71.90, for a total value of $289,469.40. Following the transaction, the insider now owns 146,981 shares of the company’s stock, valued at $10,567,933.90. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

MetLife Profile

(Free Report)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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.

See Also

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:METFree Report).

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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