Ltd. Cuts Holdings in MetLife, Inc. (MET)

Postado Dezembro 08, 2017

(NYSE:MET) by 45.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 14,257 shares of the financial services provider's stock after selling 2,694 shares during the quarter. Hedge funds and other institutional investors own 74.92% of the company's stock. During the same quarter last year, the company earned $1.28 EPS. equities research analysts predict that MetLife, Inc. will post 4.43 earnings per share for the current year. TD Asset Management Inc. now owns 5,201,238 shares of the financial services provider's stock worth $285,756,000 after acquiring an additional 1,679,740 shares during the last quarter. That transaction by Blackrock took place on September 30, 2017, the same day Vanguard Group Inc purchased an additional 278194 shares in MET to bring its total stake to 67 million. Fuller & Thaler Asset Management Inc. now owns 12,200 shares of the financial services provider's stock valued at $634,000 after acquiring an additional 1,500 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in MetLife by 7.7% in the 3rd quarter. BlackRock Inc. now owns 69,957,359 shares of the financial services provider's stock worth $3,843,457,000 after buying an additional 1,481,489 shares during the last quarter. Argentus Capital Management LLC now owns 7,922 shares of the financial services provider's stock worth $352,000 after buying an additional 679 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock. RBC Capital Markets maintained the shares of MET in report on Friday, November 3 with "Buy" rating. Finally, Deutsche Bank AG restated a "buy" rating and set a $65.00 price target on shares of Metlife in a research note on Sunday, February 5th. Credit Suisse Group reaffirmed a "neutral" rating and issued a $53.00 price objective (down previously from $64.00) on shares of MetLife in a research report on Monday, August 28th. As per Thursday, October 5, the company rating was maintained by Morgan Stanley. Sandler O'Neill lowered shares of MetLife from a "buy" rating to a "hold" rating in a research report on Friday, November 10th. BidaskClub raised MetLife from a "sell" rating to a "hold" rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. $58.82's average target is 10.72% above currents $53.125 stock price. The disposition, at a price of $54.2, resulted in Christopher Townsend bringing total 0 shares. Following the completion of the sale, the insider now owns 49,660 shares of the company's stock, valued at $2,711,436. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher G. Townsend sold 55,712 shares of MetLife stock in a transaction on Monday, November 6th.

Obermeyer Wood Investment Counsel Lllp, which manages about $1.68B and $1.13B US Long portfolio, upped its stake in Crown Castle Intl Corp New (NYSE:CCI) by 56,294 shares to 320,869 shares, valued at $32.15 million in 2017Q2, according to the filing. The disclosure for this sale can be found here. (NYSE:MET). Bancorpsouth has invested 0.5% in MetLife, Inc. (NYSE MET) traded down $0.04 during trading on Thursday, hitting $53.00. The company had a trading volume of 3,808,895 shares, compared to its average volume of 5,720,350.

MetLife, Inc. has a one year low of $44.26 and a one year high of $55.91. Moreover, Hanseatic Management Services Inc has 0.37% invested in the company for 4,391 shares. (NYSE:MET) news was published by Seekingalpha.com which published an article titled: "MetLife: Have You Already MET This 3% Yielder Stock?" on November 27, 2017. They expect $2.40 EPS, up 0.84% or $0.02 from last year's $2.38 per share. MetLife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The firm's quarterly revenue was up 1.7% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. The firm has "Buy" rating given on Monday, November 6 by Argus Research. On Friday, November 3 the stock rating was maintained by RBC Capital Markets with "Buy". This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.98%. MetLife's dividend payout ratio is now -320.00%. Mutual of America Capital Management LLC raised its stake in shares of Metlife by 6.9% in the third quarter. (NYSE:MET) for 2.68M shares.