State of Michigan Retirement System Has $12.17 Million Holdings in MetLife, Inc. (NYSE:MET)

State of Michigan Retirement System lessened its position in shares of MetLife, Inc. (NYSE:METFree Report) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 183,956 shares of the financial services provider’s stock after selling 5,500 shares during the quarter. State of Michigan Retirement System’s holdings in MetLife were worth $12,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MET. IHT Wealth Management LLC boosted its position in shares of MetLife by 4.5% during the fourth quarter. IHT Wealth Management LLC now owns 3,466 shares of the financial services provider’s stock worth $251,000 after buying an additional 150 shares during the period. Carolinas Wealth Consulting LLC boosted its position in shares of MetLife by 26.4% during the first quarter. Carolinas Wealth Consulting LLC now owns 767 shares of the financial services provider’s stock worth $54,000 after buying an additional 160 shares during the period. Harbour Investments Inc. boosted its position in shares of MetLife by 3.2% during the fourth quarter. Harbour Investments Inc. now owns 5,269 shares of the financial services provider’s stock worth $381,000 after buying an additional 162 shares during the period. Eley Financial Management Inc boosted its position in shares of MetLife by 1.0% during the third quarter. Eley Financial Management Inc now owns 16,348 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 168 shares during the period. Finally, Austin Private Wealth LLC boosted its position in shares of MetLife by 4.1% during the fourth quarter. Austin Private Wealth LLC now owns 4,367 shares of the financial services provider’s stock worth $289,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at MetLife

In related news, EVP Bill Pappas sold 27,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $72.27, for a total transaction of $1,951,290.00. Following the sale, the executive vice president now owns 57,768 shares of the company’s stock, valued at approximately $4,174,893.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Ramy Tadros sold 4,026 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $71.90, for a total transaction of $289,469.40. Following the completion of the transaction, the insider now directly owns 146,981 shares of the company’s stock, valued at approximately $10,567,933.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bill Pappas sold 27,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $72.27, for a total value of $1,951,290.00. Following the transaction, the executive vice president now directly owns 57,768 shares of the company’s stock, valued at $4,174,893.36. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

MetLife Price Performance

MetLife stock opened at $73.23 on Wednesday. The stock’s fifty day moving average price is $70.19 and its two-hundred day moving average price is $66.09. The firm has a market cap of $52.95 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. MetLife, Inc. has a one year low of $48.95 and a one year high of $74.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.16 and a quick ratio of 0.16.

MetLife (NYSE:METGet Free Report) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The business had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.07 billion. MetLife had a net margin of 2.36% and a return on equity of 19.48%. As a group, research analysts expect that MetLife, Inc. will post 8.81 EPS for the current fiscal year.

MetLife Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, February 6th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, February 5th. MetLife’s dividend payout ratio (DPR) is 113.66%.

Analyst Upgrades and Downgrades

MET has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on MetLife from $85.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. UBS Group reduced their price target on MetLife from $87.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, February 5th. The Goldman Sachs Group raised MetLife from a “neutral” rating to a “buy” rating and increased their price target for the company from $70.00 to $80.00 in a research report on Monday, January 8th. Finally, Keefe, Bruyette & Woods reduced their price target on MetLife from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, December 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, MetLife presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.23.

Check Out Our Latest Stock Analysis on MetLife

MetLife Profile

(Free Report)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.

Featured Stories

Want to see what other hedge funds are holding MET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MetLife, Inc. (NYSE:METFree Report).

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.