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.
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.
ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/16/premier-asset-management-llc-invests-1-79-million-in-metlife-inc-met-stock.html.
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
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.