397 Shares in MetLife, Inc. (NYSE:MET) Purchased by Criterion Capital Advisors LLC

Criterion Capital Advisors LLC acquired a new position in MetLife, Inc. (NYSE:MET) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 397 shares of the financial services provider’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC boosted its position in MetLife by 4.5% in the fourth quarter. IHT Wealth Management LLC now owns 3,466 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 150 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its position in MetLife by 26.4% in the first quarter. Carolinas Wealth Consulting LLC now owns 767 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 160 shares during the last quarter. Harbour Investments Inc. boosted its position 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 purchasing an additional 162 shares during the last quarter. Eley Financial Management Inc boosted its position in MetLife by 1.0% in the third quarter. Eley Financial Management Inc now owns 16,348 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 168 shares during the last quarter. Finally, Austin Private Wealth LLC boosted its position in MetLife by 4.1% in the fourth quarter. Austin Private Wealth LLC now owns 4,367 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 170 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MET. Wells Fargo & Company lifted their price objective on MetLife from $83.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Morgan Stanley lifted their price objective on MetLife from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. UBS Group lowered their price objective on MetLife from $87.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Piper Sandler lifted their price objective on MetLife from $74.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Keefe, Bruyette & Woods lifted their price objective on MetLife from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, MetLife presently has an average rating of “Moderate Buy” and a consensus target price of $79.23.

Insider Buying and Selling at MetLife

In other MetLife news, EVP Bill Pappas sold 27,000 shares of MetLife 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 sale, the executive vice president now owns 57,768 shares in the company, valued at $4,174,893.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ramy Tadros sold 4,026 shares of the business’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 completion of the transaction, the insider now directly owns 146,981 shares of the company’s stock, valued at approximately $10,567,933.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bill Pappas sold 27,000 shares of the business’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 directly owns 57,768 shares of the company’s stock, 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 Stock Performance

Shares of NYSE:MET opened at $71.11 on Monday. 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 business’s 50 day moving average price is $71.12 and its 200-day moving average price is $66.86. The firm has a market capitalization of $51.41 billion, a PE ratio of 38.86, a P/E/G ratio of 0.53 and a beta of 1.04. MetLife, Inc. has a 1 year low of $48.95 and a 1 year high of $74.68.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The company had revenue of $18.72 billion for the quarter, compared to analyst estimates of $18.07 billion. MetLife had a return on equity of 19.48% and a net margin of 2.36%. As a group, equities research analysts expect that MetLife, Inc. will post 8.71 earnings per share for the current fiscal year.

About MetLife

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.