Gulf International Bank UK Ltd Sells 6,759 Shares of MetLife, Inc. (NYSE:MET)

Gulf International Bank UK Ltd trimmed its stake in MetLife, Inc. (NYSE:METFree Report) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,366 shares of the financial services provider’s stock after selling 6,759 shares during the quarter. Gulf International Bank UK Ltd’s holdings in MetLife were worth $3,529,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC boosted its holdings in MetLife by 12.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,429 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 607 shares in the last quarter. Atlas Private Wealth Advisors purchased a new position in shares of MetLife in the fourth quarter worth $208,000. KMG Fiduciary Partners LLC raised its stake in shares of MetLife by 3.3% in the fourth quarter. KMG Fiduciary Partners LLC now owns 49,133 shares of the financial services provider’s stock worth $3,249,000 after purchasing an additional 1,547 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of MetLife in the fourth quarter worth $73,000. Finally, Marcum Wealth LLC purchased a new position in shares of MetLife in the fourth quarter worth $217,000. 88.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

View Our Latest Research Report on MetLife

Insider Transactions at MetLife

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

MetLife Trading Up 1.3 %

Shares of MET stock opened at $73.36 on Thursday. MetLife, Inc. has a 1 year low of $48.95 and a 1 year high of $73.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.16 and a quick ratio of 0.16. The stock’s 50 day simple moving average is $69.33 and its two-hundred day simple moving average is $65.48. The company has a market cap of $53.04 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 0.54 and a beta of 1.03.

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

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, February 6th were issued a $0.52 dividend. The ex-dividend date was Monday, February 5th. This represents a $2.08 annualized dividend and a dividend yield of 2.84%. MetLife’s payout ratio is 113.66%.

About MetLife

(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.

Further Reading

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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