Today: Today, One Capital Management LLC Increases Stake in MetLife Inc. (MET)

Today, One Capital Management LLC Increases Stake in MetLife Inc. (MET)

One Capital Management LLC boosted its position in shares of MetLife Inc. (NYSE:MET) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 42,449 shares of the company’s stock after buying an additional 1,173 shares during the period. One Capital Management LLC’s holdings in MetLife were worth $1,886,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its position in shares of MetLife by 427.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 25,225 shares of the company’s stock worth $1,005,000 after buying an additional 20,442 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of MetLife by 1.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 946,085 shares of the company’s stock worth $37,682,000 after buying an additional 15,760 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its position in shares of MetLife by 1.7% in the second quarter. Newman Dignan & Sheerar Inc. now owns 16,236 shares of the company’s stock worth $647,000 after buying an additional 267 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in shares of MetLife by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 284,390 shares of the company’s stock worth $11,327,000 after buying an additional 17,378 shares in the last quarter. Finally, CHICAGO TRUST Co NA boosted its position in shares of MetLife by 3.1% in the second quarter. CHICAGO TRUST Co NA now owns 35,066 shares of the company’s stock worth $1,397,000 after buying an additional 1,069 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Shares of MetLife Inc. (NYSE:MET) traded down 1.93% on Monday, reaching $54.38. The company’s stock had a trading volume of 6,605,187 shares. The firm has a market capitalization of $59.77 billion, a PE ratio of 16.71 and a beta of 1.66. The firm has a 50-day moving average price of $49.69 and a 200 day moving average price of $44.47. MetLife Inc. has a one year low of $35.00 and a one year high of $55.49.

MetLife (NYSE:MET) last released its earnings results on Wednesday, November 2nd. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.04. The firm earned $17.70 billion during the quarter, compared to analysts’ expectations of $17.03 billion. MetLife had a net margin of 5.58% and a return on equity of 6.99%. The business’s quarterly revenue was down 99.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. On average, analysts anticipate that MetLife Inc. will post $4.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Monday, November 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, November 3rd. MetLife’s payout ratio is currently 49.23%.

A number of equities analysts recently weighed in on the company. FBR & Co cut MetLife from an “outperform” rating to a “market perform” rating and set a $54.00 price objective on the stock. in a report on Monday. They noted that the move was a valuation call. Argus restated a “buy” rating and set a $54.00 price target on shares of MetLife in a research report on Tuesday, November 8th. Deutsche Bank AG restated a “hold” rating and set a $44.00 price target on shares of MetLife in a research report on Saturday, October 8th. Bank of America Corp. set a $51.00 price target on MetLife and gave the stock a “buy” rating in a research report on Thursday, October 6th. Finally, Credit Suisse Group AG assumed coverage on MetLife in a research report on Friday, October 7th. They set a “neutral” rating and a $51.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $51.35.

In related news, EVP Maria R. Morris sold 8,800 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $45.00, for a total transaction of $396,000.00. Following the completion of the transaction, the executive vice president now directly owns 116,409 shares in the company, valued at approximately $5,238,405. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Frans Hijkoop sold 56,250 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $51.48, for a total transaction of $2,895,750.00. Following the transaction, the executive vice president now owns 111,813 shares of the company’s stock, valued at $5,756,133.24. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

MetLife Company Profile

MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).

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