Lingohr & Partner Asset Management GmbH Purchases New Stake in MetLife, Inc. (MET)

Lingohr & Partner Asset Management GmbH purchased a new stake in MetLife, Inc. (NYSE:MET) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,400 shares of the financial services provider’s stock, valued at approximately $615,000.

A number of other hedge funds have also modified their holdings of MET. Farmers National Bank purchased a new position in MetLife in the 2nd quarter valued at approximately $118,000. Cable Hill Partners LLC boosted its position in MetLife by 246.6% in the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,716 shares during the period. Westside Investment Management Inc. boosted its position in MetLife by 583.8% in the 1st 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 period. Parallel Advisors LLC boosted its position in MetLife by 50.7% in the 1st 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 period. Finally, First Mercantile Trust Co. boosted its position in MetLife by 3.4% in the 2nd 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 period. 74.00% of the stock is owned by institutional investors.

MET has been the subject of several recent research reports. TheStreet raised shares of MetLife from a “c+” rating to a “b” rating in a research report on Wednesday, October 4th. Argus decreased their price objective on shares of MetLife from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Monday, August 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $59.00 price objective on shares of MetLife in a research report on Thursday, August 3rd. Finally, Langen Mcalenn reaffirmed a “buy” rating on shares of MetLife in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. MetLife presently has an average rating of “Buy” and a consensus target price of $58.40.

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In related news, insider Christopher G. Townsend sold 55,712 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the sale, the insider now owns 25,181 shares of the company’s stock, valued at $1,367,076.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher G. Townsend sold 82,731 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the sale, the insider now directly owns 49,660 shares in the company, valued at approximately $2,711,436. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

Shares of MetLife, Inc. (MET) traded up $0.08 during trading on Monday, hitting $52.28. 776,070 shares of the stock were exchanged, compared to its average volume of 5,886,190. MetLife, Inc. has a twelve month low of $44.26 and a twelve month high of $55.91. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $55,070.00, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.51.

MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. MetLife had a net margin of 5.54% and a return on equity of 5.60%. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same period in the previous year, the business posted $1.28 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. equities analysts forecast that MetLife, Inc. will post 4.43 EPS for the current fiscal year.

MetLife announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.06%. MetLife’s dividend payout ratio (DPR) is 347.83%.

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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