Investors Sell Shares of Metlife (MET) on Strength (MET)

Traders sold shares of Metlife Inc (NYSE:MET) on strength during trading on Wednesday. $32.24 million flowed into the stock on the tick-up and $86.93 million flowed out of the stock on the tick-down, for a money net flow of $54.69 million out of the stock. Of all stocks tracked, Metlife had the 0th highest net out-flow for the day. Metlife traded up $0.06 for the day and closed at $45.79

MET has been the subject of several research analyst reports. Atlantic Securities upgraded Metlife from a “neutral” rating to an “overweight” rating in a research note on Monday, March 26th. UBS Group reiterated a “neutral” rating and set a $51.00 target price (down from $52.00) on shares of Metlife in a research note on Friday, March 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $56.00 target price on shares of Metlife in a research note on Friday, February 23rd. Morgan Stanley reduced their target price on Metlife from $58.00 to $56.00 and set an “equal weight” rating for the company in a research note on Thursday, April 5th. Finally, Zacks Investment Research downgraded Metlife from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $56.81.

The company has a market cap of $46.55 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 0.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.15 and a quick ratio of 0.15.

Metlife (NYSE:MET) last announced its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.19. The firm had revenue of $15.15 billion during the quarter, compared to analysts’ expectations of $15.52 billion. Metlife had a return on equity of 8.70% and a net margin of 6.48%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 EPS. equities analysts forecast that Metlife Inc will post 5.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 13th. Stockholders of record on Monday, May 7th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, May 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.68%. This is a boost from Metlife’s previous quarterly dividend of $0.40. Metlife’s payout ratio is 37.33%.

Metlife declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 22nd that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

In other Metlife news, Director Gerald L. Hassell bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The shares were bought at an average price of $46.18 per share, for a total transaction of $461,800.00. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.34% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Wagner Wealth Management LLC acquired a new position in Metlife during the 4th quarter worth approximately $126,000. Adviser Investments LLC acquired a new position in Metlife during the 1st quarter worth approximately $129,000. Avestar Capital LLC acquired a new position in Metlife during the 4th quarter worth approximately $135,000. Private Capital Group LLC raised its stake in Metlife by 10,971.4% during the 1st quarter. Private Capital Group LLC now owns 3,100 shares of the financial services provider’s stock worth $142,000 after buying an additional 3,072 shares during the period. Finally, Premia Global Advisors LLC acquired a new position in Metlife during the 4th quarter worth approximately $170,000. Institutional investors own 77.23% of the company’s stock.

About Metlife

MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.

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