43,475 Shares in Metlife Inc (MET) Acquired by Premier Asset Management LLC

Premier Asset Management LLC bought a new position in shares of Metlife Inc (NYSE:MET) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 43,475 shares of the financial services provider’s stock, valued at approximately $1,785,000.

Several other hedge funds have also made changes to their positions in MET. Alliancebernstein L.P. raised its position in Metlife by 0.6% during the 3rd quarter. Alliancebernstein L.P. now owns 1,590,391 shares of the financial services provider’s stock valued at $74,303,000 after purchasing an additional 8,949 shares during the last quarter. American International Group Inc. raised its stake in shares of Metlife by 5.1% during the third quarter. American International Group Inc. now owns 342,207 shares of the financial services provider’s stock valued at $15,988,000 after acquiring an additional 16,504 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of Metlife by 103.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 130,842 shares of the financial services provider’s stock valued at $6,113,000 after acquiring an additional 66,393 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Metlife by 4.5% in the third quarter. Canada Pension Plan Investment Board now owns 132,310 shares of the financial services provider’s stock worth $6,182,000 after buying an additional 5,699 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in Metlife by 1.6% in the third quarter. Credit Suisse AG now owns 2,153,024 shares of the financial services provider’s stock worth $100,587,000 after purchasing an additional 34,060 shares during the last quarter. Institutional investors and hedge funds own 76.85% of the company’s stock.

In related news, CFO John D. Mccallion sold 2,669 shares of Metlife stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $44.43, for a total value of $118,583.67. Following the completion of the sale, the chief financial officer now directly owns 20,538 shares in the company, valued at $912,503.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven J. Goulart sold 10,292 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $44.40, for a total value of $456,964.80. Following the transaction, the executive vice president now owns 93,214 shares of the company’s stock, valued at $4,138,701.60. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.

Several equities research analysts have commented on MET shares. Zacks Investment Research lowered shares of Metlife from a “buy” rating to a “hold” rating in a report on Monday, January 21st. Wells Fargo & Co reissued a “buy” rating on shares of Metlife in a research note on Tuesday, January 8th. Sandler O’Neill upgraded shares of Metlife from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Bank of America raised shares of Metlife from a “neutral” rating to a “buy” rating and set a $44.06 price objective for the company in a research report on Wednesday, January 16th. Finally, ValuEngine upgraded shares of Metlife from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $52.76.

MET traded down $0.61 on Monday, reaching $45.25. The company had a trading volume of 4,277,409 shares, compared to its average volume of 5,637,682. Metlife Inc has a one year low of $37.76 and a one year high of $48.92. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $43.57 billion, a PE ratio of 8.40, a P/E/G ratio of 0.98 and a beta of 1.18.

Metlife (NYSE:MET) last posted its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.84 billion. Metlife had a net margin of 7.53% and a return on equity of 10.24%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, equities analysts expect that Metlife Inc will post 5.48 EPS for the current year.

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Metlife Profile

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.

Further Reading: Market Capitalization and Individual Investors

Institutional Ownership by Quarter for Metlife (NYSE:MET)

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