Taylor Hoffman Wealth Management Buys Shares of 9,835 Metlife Inc (MET)

Taylor Hoffman Wealth Management purchased a new stake in Metlife Inc (NYSE:MET) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,835 shares of the financial services provider’s stock, valued at approximately $497,000.

Other large investors have also made changes to their positions in the company. First Dallas Securities Inc. acquired a new stake in shares of Metlife during the fourth quarter worth $111,000. Ffcm LLC raised its holdings in shares of Metlife by 2,020.8% during the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,142 shares during the last quarter. Sandy Spring Bank raised its holdings in shares of Metlife by 495.2% during the fourth quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,976 shares during the last quarter. Cable Hill Partners LLC raised its holdings in shares of Metlife by 246.6% during the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Metlife during the third quarter worth $151,000. 76.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Metlife Inc (MET) traded up $0.84 on Friday, reaching $47.47. 4,341,881 shares of the company traded hands, compared to its average volume of 8,910,000. Metlife Inc has a 1 year low of $43.38 and a 1 year high of $55.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.16 and a current ratio of 0.15. The stock has a market cap of $49,950.00, a P/E ratio of 11.69, a P/E/G ratio of 0.95 and a beta of 1.31.

Metlife (NYSE:MET) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.41). Metlife had a net margin of 5.69% and a return on equity of 8.62%. The firm had revenue of $15.79 billion during the quarter, compared to analysts’ expectations of $15.89 billion. During the same period in the prior year, the company posted $1.28 earnings per share. research analysts predict that Metlife Inc will post 4.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, February 2nd. Metlife’s payout ratio is 39.41%.

A number of research analysts have weighed in on MET shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Metlife in a report on Friday. Morgan Stanley cut their price objective on shares of Metlife from $59.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, February 14th. Wells Fargo & Co set a $60.00 target price on shares of Metlife and gave the stock a “buy” rating in a research note on Tuesday, February 13th. ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Metlife in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.58.

COPYRIGHT VIOLATION WARNING: “Taylor Hoffman Wealth Management Buys Shares of 9,835 Metlife Inc (MET)” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/24/9835-shares-in-metlife-inc-met-purchased-by-taylor-hoffman-wealth-management.html.

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)

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.

Leave a Reply