Independent Advisor Alliance Lowers Stake in Metlife Inc (MET)

Independent Advisor Alliance trimmed its position in shares of Metlife Inc (NYSE:MET) by 1.7% during the first quarter, HoldingsChannel.com reports. The firm owned 15,973 shares of the financial services provider’s stock after selling 272 shares during the period. Independent Advisor Alliance’s holdings in Metlife were worth $680,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in Metlife by 14.0% during the first quarter. Parkside Financial Bank & Trust now owns 1,849 shares of the financial services provider’s stock worth $79,000 after buying an additional 227 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Metlife by 0.9% during the first quarter. Stratos Wealth Partners LTD. now owns 27,109 shares of the financial services provider’s stock worth $1,154,000 after buying an additional 229 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in Metlife by 1.6% during the fourth quarter. Wetherby Asset Management Inc. now owns 15,615 shares of the financial services provider’s stock worth $641,000 after buying an additional 239 shares in the last quarter. Adirondack Trust Co. grew its holdings in Metlife by 3.2% during the fourth quarter. Adirondack Trust Co. now owns 8,196 shares of the financial services provider’s stock worth $337,000 after buying an additional 256 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA grew its holdings in Metlife by 22.5% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,433 shares of the financial services provider’s stock worth $59,000 after buying an additional 263 shares in the last quarter. 77.77% of the stock is currently owned by institutional investors.

MET has been the subject of several recent research reports. Zacks Investment Research downgraded Metlife from a “buy” rating to a “hold” rating in a report on Monday, January 21st. Argus reiterated a “buy” rating on shares of Metlife in a report on Tuesday, February 12th. Sandler O’Neill downgraded Metlife from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Tuesday, March 19th. ValuEngine downgraded Metlife from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, UBS Group upped their price target on Metlife from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $52.76.

Shares of NYSE:MET opened at $47.30 on Friday. The firm has a market capitalization of $44.83 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.24. Metlife Inc has a 1 year low of $37.76 and a 1 year high of $48.92.

Metlife (NYSE:MET) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. The firm had revenue of $15.45 billion during the quarter, compared to the consensus estimate of $15.95 billion. Metlife had a return on equity of 10.20% and a net margin of 7.56%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. On average, equities analysts forecast that Metlife Inc will post 5.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, May 7th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Monday, May 6th. This is an increase from Metlife’s previous quarterly dividend of $0.42. Metlife’s dividend payout ratio is 32.65%.

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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.

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Institutional Ownership by Quarter for Metlife (NYSE:MET)

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