Applied Finance Capital Management LLC Has $21.67 Million Holdings in MetLife, Inc. (NYSE:MET)

Applied Finance Capital Management LLC lifted its position in shares of MetLife, Inc. (NYSE:METFree Report) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,744 shares of the financial services provider’s stock after acquiring an additional 28,094 shares during the quarter. MetLife makes up approximately 1.9% of Applied Finance Capital Management LLC’s portfolio, making the stock its 25th biggest position. Applied Finance Capital Management LLC’s holdings in MetLife were worth $21,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Great Valley Advisor Group Inc. increased its stake in shares of MetLife by 1.9% in the fourth quarter. Great Valley Advisor Group Inc. now owns 8,898 shares of the financial services provider’s stock valued at $588,000 after buying an additional 167 shares during the period. Austin Private Wealth LLC raised its stake in shares of MetLife by 4.1% during the fourth quarter. Austin Private Wealth LLC now owns 4,367 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 170 shares during the last quarter. KLCM Advisors Inc. lifted its holdings in shares of MetLife by 3.6% during the third quarter. KLCM Advisors Inc. now owns 4,920 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 171 shares during the period. Evergreen Wealth Solutions LLC grew its stake in shares of MetLife by 2.8% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 6,601 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 177 shares during the last quarter. Finally, Highland Capital Management LLC increased its holdings in MetLife by 0.3% in the fourth quarter. Highland Capital Management LLC now owns 61,738 shares of the financial services provider’s stock valued at $4,083,000 after purchasing an additional 180 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

MET has been the topic of several recent research reports. Wells Fargo & Company cut their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Morgan Stanley increased their target price on shares of MetLife from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods dropped their price target on shares of MetLife from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Piper Sandler decreased their price objective on shares of MetLife from $85.00 to $82.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Finally, UBS Group dropped their target price on shares of MetLife from $87.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, MetLife has an average rating of “Moderate Buy” and an average target price of $78.85.

Get Our Latest Report on MetLife

Insiders Place Their Bets

In other MetLife news, insider Ramy Tadros sold 4,026 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $71.90, for a total value of $289,469.40. Following the completion of the transaction, the insider now owns 146,981 shares in the company, valued at approximately $10,567,933.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Bill Pappas sold 27,000 shares of the stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ramy Tadros sold 4,026 shares of the business’s 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 disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

MetLife Stock Up 1.0 %

NYSE:MET traded up $0.75 on Friday, hitting $74.22. The stock had a trading volume of 2,496,400 shares, compared to its average volume of 3,136,695. The company has a market cap of $52.78 billion, a PE ratio of 25.51, a P/E/G ratio of 0.61 and a beta of 1.09. MetLife, Inc. has a 52 week low of $49.38 and a 52 week high of $74.68. The business’s fifty day moving average is $72.17 and its 200 day moving average is $68.30. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58.

MetLife (NYSE:METGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.83. MetLife had a net margin of 3.50% and a return on equity of 20.39%. The business had revenue of $17.02 billion during the quarter, compared to the consensus estimate of $17.73 billion. During the same quarter last year, the firm posted $1.52 EPS. MetLife’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that MetLife, Inc. will post 8.71 EPS for the current fiscal year.

MetLife Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, May 6th. This is a boost from MetLife’s previous quarterly dividend of $0.52. This represents a $2.18 annualized dividend and a yield of 2.94%. MetLife’s dividend payout ratio (DPR) is 74.91%.

MetLife announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 1st that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.

Read More

Institutional Ownership by Quarter for MetLife (NYSE:MET)

Receive News & Ratings for MetLife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife and related companies with MarketBeat.com's FREE daily email newsletter.