Today The Beacon Investment Advisory Services Inc. Buys 422 Shares of MetLife, Inc. (MET)

Today The Beacon Investment Advisory Services Inc. Buys 422 Shares of MetLife, Inc. (MET)

Beacon Investment Advisory Services Inc. increased its stake in MetLife, Inc. (NYSE:MET) by 6.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,300 shares of the company’s stock after buying an additional 422 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in MetLife were worth $324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MET. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of MetLife during the second quarter valued at $110,000. ClariVest Asset Management LLC boosted its position in shares of MetLife by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 2,806 shares of the company’s stock valued at $112,000 after buying an additional 8 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in shares of MetLife by 51.5% in the third quarter. Carroll Financial Associates Inc. now owns 2,625 shares of the company’s stock valued at $116,000 after buying an additional 892 shares in the last quarter. First New York Securities LLC NY bought a new position in shares of MetLife during the second quarter valued at $119,000. Finally, Edge Wealth Management LLC boosted its position in shares of MetLife by 631.7% in the third quarter. Edge Wealth Management LLC now owns 3,000 shares of the company’s stock valued at $133,000 after buying an additional 2,590 shares in the last quarter. Institutional investors and hedge funds own 75.21% of the company’s stock.

MetLife, Inc. (NYSE:MET) traded up 1.04% during mid-day trading on Wednesday, hitting $55.48. The stock had a trading volume of 763,084 shares. MetLife, Inc. has a one year low of $35.00 and a one year high of $58.09. The company has a 50 day moving average price of $54.80 and a 200-day moving average price of $47.89. The company has a market cap of $60.98 billion, a price-to-earnings ratio of 17.04 and a beta of 1.69.

MetLife (NYSE:MET) last released its earnings results on Wednesday, November 2nd. The company reported $1.28 EPS for the quarter, topping 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%. MetLife’s revenue for the quarter was down 99.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Equities analysts expect that MetLife, Inc. will post $4.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 13th. Shareholders of record on Monday, February 6th will be paid a $0.40 dividend. The ex-dividend date is Thursday, February 2nd. This represents a $1.60 annualized dividend and a yield of 2.91%. MetLife’s payout ratio is currently 49.23%.

MET has been the topic of a number of recent analyst reports. Argus reiterated a “buy” rating and issued a $54.00 price objective on shares of MetLife in a report on Tuesday, November 8th. J P Morgan Chase & Co reiterated a “buy” rating and issued a $51.00 price objective on shares of MetLife in a report on Friday, November 4th. FBR & Co reiterated a “buy” rating on shares of MetLife in a report on Thursday, November 3rd. TheStreet upgraded MetLife from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Finally, Bank of America Corporation set a $51.00 price objective on MetLife and gave the company a “buy” rating in a report on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $53.31.

In other MetLife news, EVP Peter M. Carlson sold 23,636 shares of MetLife stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $54.32, for a total value of $1,283,907.52. Following the completion of the sale, the executive vice president now directly owns 39,914 shares of the company’s stock, valued at approximately $2,168,128.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria R. Morris sold 2,200 shares of MetLife stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $47.33, for a total transaction of $104,126.00. Following the completion of the sale, the executive vice president now directly owns 109,809 shares of the company’s stock, valued at $5,197,259.97. The disclosure for this sale can be found here. Insiders sold a total of 97,083 shares of company stock valued at $5,126,315 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

About MetLife

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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