Heritage Trust Co cut its holdings in shares of MetLife, Inc. (NYSE:MET) by 5.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,530 shares of the financial services provider’s stock after selling 2,574 shares during the period. Heritage Trust Co’s holdings in MetLife were worth $2,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in MetLife by 71.4% during the second quarter. Prudential Financial Inc. now owns 3,672,729 shares of the financial services provider’s stock valued at $201,778,000 after acquiring an additional 1,529,570 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in MetLife by 5.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,555,656 shares of the financial services provider’s stock valued at $195,348,000 after acquiring an additional 175,311 shares during the last quarter. PGGM Investments lifted its position in MetLife by 2.3% during the third quarter. PGGM Investments now owns 576,944 shares of the financial services provider’s stock valued at $29,972,000 after acquiring an additional 12,978 shares during the last quarter. KBC Group NV lifted its position in MetLife by 14.3% during the second quarter. KBC Group NV now owns 1,263,802 shares of the financial services provider’s stock valued at $69,433,000 after acquiring an additional 157,734 shares during the last quarter. Finally, Rockefeller Financial Services Inc. lifted its position in MetLife by 189.7% during the third quarter. Rockefeller Financial Services Inc. now owns 37,153 shares of the financial services provider’s stock valued at $1,930,000 after acquiring an additional 24,330 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

A number of equities research analysts recently commented on the stock. BidaskClub raised shares of MetLife from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of MetLife from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. ValuEngine raised shares of MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Argus decreased their price target on shares of MetLife from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Finally, Langen Mcalenn reaffirmed a “buy” rating on shares of MetLife in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.40.

In other news, insider Christopher G. Townsend sold 55,712 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $54.29, for a total value of $3,024,604.48. Following the sale, the insider now owns 25,181 shares in the company, valued at $1,367,076.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher G. Townsend sold 82,731 shares of the stock in a transaction on Friday, November 3rd. The stock was 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 owns 49,660 shares in the company, valued at approximately $2,711,436. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.

MetLife, Inc. (NYSE MET) traded down $0.58 during midday trading on Wednesday, hitting $53.04. 4,131,200 shares of the company’s stock were exchanged, compared to its average volume of 5,738,007. The stock has a market capitalization of $56,424.27, a PE ratio of 10.31, a P/E/G ratio of 1.35 and a beta of 1.49. MetLife, Inc. has a fifty-two week low of $44.26 and a fifty-two week high of $55.91. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

MetLife (NYSE:MET) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. MetLife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. sell-side analysts forecast 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. Stockholders of record on Monday, November 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.02%. MetLife’s payout ratio is currently -320.00%.

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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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