MetLife, Inc. (MET) Holdings Reduced by Heritage Trust Co

Heritage Trust Co decreased its position in shares of MetLife, Inc. (NYSE:MET) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,104 shares of the financial services provider’s stock after selling 2,115 shares during the period. Heritage Trust Co’s holdings in MetLife were worth $2,752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services raised its stake in MetLife by 11.5% during the 1st quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 266 shares during the period. Westside Investment Management Inc. raised its position in shares of MetLife by 583.8% during the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after buying an additional 2,300 shares during the last quarter. Parallel Advisors LLC raised its position in shares of MetLife by 50.7% during the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after buying an additional 924 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of MetLife by 3.4% during the second quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock valued at $161,000 after buying an additional 97 shares during the last quarter. Finally, CI Investments Inc. bought a new stake in shares of MetLife during the first quarter valued at approximately $158,000. Institutional investors own 74.14% of the company’s stock.

MetLife, Inc. (NYSE:MET) opened at 49.47 on Wednesday. The company has a 50 day moving average of $47.80 and a 200-day moving average of $47.30. The stock has a market capitalization of $52.58 billion, a price-to-earnings ratio of 582.00 and a beta of 1.44. MetLife, Inc. has a 12-month low of $38.17 and a 12-month high of $51.77.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The firm had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.11 billion. During the same period in the prior year, the company earned $0.83 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that MetLife, Inc. will post $4.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, August 3rd. MetLife’s dividend payout ratio is currently 1,777.98%.

Several equities research analysts have recently issued reports on MET shares. ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. set a $51.00 price objective on shares of MetLife and gave the company a “sell” rating in a research report on Friday, July 7th. BidaskClub upgraded shares of MetLife from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. UBS AG reiterated a “neutral” rating and set a $49.00 price objective (down previously from $57.00) on shares of MetLife in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co started coverage on shares of MetLife in a research report on Monday, July 24th. They set a “hold” rating and a $78.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.95.

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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.

Institutional Ownership by Quarter for MetLife (NYSE:MET)

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