BDO Wealth Advisors LLC Has $741,000 Position in MetLife, Inc. (NYSE:MET)

BDO Wealth Advisors LLC lowered its position in shares of MetLife, Inc. (NYSE:MET) by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,257 shares of the financial services provider’s stock after selling 2,694 shares during the quarter. BDO Wealth Advisors LLC’s holdings in MetLife were worth $741,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MetLife by 5.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 415,112 shares of the financial services provider’s stock worth $21,565,000 after purchasing an additional 21,741 shares during the period. SPF Beheer BV grew its stake in shares of MetLife by 18.0% during the third quarter. SPF Beheer BV now owns 1,334,914 shares of the financial services provider’s stock worth $69,349,000 after purchasing an additional 203,575 shares during the period. Cornerstone Investment Partners LLC grew its stake in shares of MetLife by 10.4% during the third quarter. Cornerstone Investment Partners LLC now owns 21,381 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 2,015 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in MetLife by 14.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 12,200 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 1,500 shares during the period. Finally, Pacer Advisors Inc. grew its stake in MetLife by 10.3% in the third quarter. Pacer Advisors Inc. now owns 23,586 shares of the financial services provider’s stock valued at $1,225,000 after acquiring an additional 2,208 shares during the period. Institutional investors own 76.37% of the company’s stock.

In other news, insider Christopher G. Townsend sold 55,712 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the transaction, the insider now owns 25,181 shares of the company’s stock, valued at $1,367,076.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher G. Townsend sold 82,731 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $54.60, for a total value of $4,517,112.60. Following the completion of the transaction, the insider now directly 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.

Shares of MetLife, Inc. (MET) opened at $53.62 on Friday. MetLife, Inc. has a twelve month low of $44.26 and a twelve month high of $55.91. The stock has a market capitalization of $56,550.00, a PE ratio of 10.20, a P/E/G ratio of 1.33 and a beta of 1.49. 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 earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.19. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. MetLife had a positive return on equity of 8.81% and a negative net margin of 0.75%. MetLife’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 earnings per share. analysts expect that MetLife, Inc. will post 4.43 EPS for the current fiscal 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 $0.40 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.60 annualized dividend and a yield of 2.98%. MetLife’s dividend payout ratio is 347.83%.

A number of research firms have issued reports on MET. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. Langen Mcalenn reissued a “buy” rating on shares of MetLife in a research note on Wednesday, August 16th. Barclays decreased their target price on MetLife from $67.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, August 11th. TheStreet raised MetLife from a “c+” rating to a “b” rating in a research note on Wednesday, October 4th. Finally, B. Riley reissued a “neutral” rating on shares of MetLife in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. MetLife currently has a consensus rating of “Buy” and an average target price of $58.40.

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MetLife Company 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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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