Commonwealth Equity Services Inc decreased its holdings in shares of MetLife, Inc. (NYSE:MET) by 4.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 148,595 shares of the financial services provider’s stock after selling 6,754 shares during the period. Commonwealth Equity Services Inc’s holdings in MetLife were worth $7,719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Commerce Bank increased its position in MetLife by 1,310.7% during the 3rd quarter. Commerce Bank now owns 422,363 shares of the financial services provider’s stock valued at $21,942,000 after purchasing an additional 392,424 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in MetLife by 10.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 61,618 shares of the financial services provider’s stock valued at $3,201,000 after purchasing an additional 5,675 shares during the period. HighPoint Advisor Group LLC increased its position in MetLife by 10.4% during the 3rd quarter. HighPoint Advisor Group LLC now owns 16,450 shares of the financial services provider’s stock valued at $917,000 after purchasing an additional 1,546 shares during the period. Comerica Bank increased its position in MetLife by 0.5% during the 3rd quarter. Comerica Bank now owns 270,260 shares of the financial services provider’s stock valued at $14,586,000 after purchasing an additional 1,211 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in MetLife by 38.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 300,272 shares of the financial services provider’s stock valued at $14,580,000 after purchasing an additional 82,785 shares during the period. 74.00% of the stock is currently owned by institutional investors and hedge funds.

In other MetLife news, insider Christopher G. Townsend sold 82,731 shares of MetLife stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the completion of the sale, the insider now directly owns 49,660 shares in the company, valued at approximately $2,711,436. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher G. Townsend sold 55,712 shares of MetLife stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the sale, the insider now owns 25,181 shares of the company’s stock, valued at $1,367,076.49. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

A number of research analysts have commented on the stock. Sandler O’Neill downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. ValuEngine downgraded shares of MetLife from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of MetLife from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, November 9th. B. Riley reissued a “neutral” rating on shares of MetLife in a research report on Monday, November 6th. Finally, Argus raised their target price on shares of MetLife from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. MetLife presently has a consensus rating of “Buy” and an average target price of $58.40.

MetLife, Inc. (NYSE:MET) traded up $0.11 during mid-day trading on Friday, reaching $51.65. 2,656,794 shares of the company were exchanged, compared to its average volume of 5,825,098. The firm has a market cap of $54,240.00, a PE ratio of 10.00, a PEG ratio of 1.31 and a beta of 1.51. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.31. MetLife, Inc. has a one year low of $44.26 and a one year high of $55.91.

MetLife (NYSE:MET) last released its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. MetLife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The company had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same period last year, the business earned $1.28 EPS. MetLife’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts anticipate that MetLife, Inc. will post 4.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, November 3rd. MetLife’s payout ratio is 347.83%.

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MetLife Profile

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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