Traders Buy Shares of Metlife (MET) on Weakness

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Investors bought shares of Metlife Inc (NYSE:MET) on weakness during trading hours on Thursday. $108.12 million flowed into the stock on the tick-up and $56.22 million flowed out of the stock on the tick-down, for a money net flow of $51.90 million into the stock. Of all stocks tracked, Metlife had the 30th highest net in-flow for the day. Metlife traded down ($2.40) for the day and closed at $43.76

Several research analysts have weighed in on the company. B. Riley dropped their price target on Metlife from $58.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, July 16th. Zacks Investment Research downgraded Metlife from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Credit Suisse Group dropped their price target on Metlife from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Friday, August 17th. Morgan Stanley dropped their price target on Metlife from $53.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 11th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $60.00 price target on shares of Metlife in a research note on Thursday, September 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $55.00.

The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.29. The stock has a market cap of $46.48 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.71 and a beta of 1.23.

Metlife (NYSE:MET) last posted its earnings results on Wednesday, August 1st. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.13. The firm had revenue of $21.22 billion during the quarter, compared to the consensus estimate of $15.65 billion. Metlife had a return on equity of 9.17% and a net margin of 6.12%. The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. As a group, equities analysts expect that Metlife Inc will post 5.22 EPS for the current year.

In other news, Chairman Steven A. Kandarian sold 85,683 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $46.93, for a total transaction of $4,021,103.19. Following the completion of the transaction, the chairman now directly owns 585,005 shares in the company, valued at approximately $27,454,284.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Steven A. Kandarian sold 42,805 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $47.03, for a total value of $2,013,119.15. Following the transaction, the chairman now owns 559,097 shares of the company’s stock, valued at $26,294,331.91. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MET. Mount Yale Investment Advisors LLC bought a new stake in Metlife in the first quarter worth $108,000. Kaizen Advisory LLC lifted its position in Metlife by 148.0% in the second quarter. Kaizen Advisory LLC now owns 2,515 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,501 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Metlife in the second quarter worth $110,000. FNY Investment Advisers LLC bought a new stake in Metlife in the second quarter worth $112,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Metlife in the second quarter worth $130,000. Institutional investors own 77.47% of the company’s stock.

Metlife Company Profile (NYSE:MET)

MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.

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