Cramer Rosenthal Mcglynn LLC Purchases Shares of 314,130 MetLife, Inc. (MET)

Cramer Rosenthal Mcglynn LLC purchased a new stake in MetLife, Inc. (NYSE:MET) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 314,130 shares of the financial services provider’s stock, valued at approximately $16,319,000.

Other large investors also recently made changes to their positions in the company. Aviance Capital Management LLC grew its holdings in shares of MetLife by 4.6% during the first quarter. Aviance Capital Management LLC now owns 9,389 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 416 shares during the last quarter. Aldebaran Financial Inc. grew its holdings in shares of MetLife by 1.2% during the first quarter. Aldebaran Financial Inc. now owns 34,321 shares of the financial services provider’s stock worth $1,813,000 after purchasing an additional 400 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of MetLife by 10.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 327,626 shares of the financial services provider’s stock worth $17,305,000 after purchasing an additional 30,969 shares during the last quarter. Park National Corp OH grew its holdings in shares of MetLife by 2.5% during the second quarter. Park National Corp OH now owns 6,445 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 155 shares during the last quarter. Finally, Trust Co lifted its stake in shares of MetLife by 13.1% during the first quarter. Trust Co now owns 36,154 shares of the financial services provider’s stock valued at $1,909,000 after acquiring an additional 4,175 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

In other MetLife news, insider Christopher G. Townsend sold 55,712 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the completion of the sale, the insider now directly owns 25,181 shares in the company, valued at $1,367,076.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher G. Townsend sold 82,731 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $54.60, for a total value of $4,517,112.60. Following the completion of the sale, the insider now owns 49,660 shares of the company’s stock, valued at $2,711,436. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.

Several brokerages have recently issued reports on MET. BidaskClub raised MetLife from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered MetLife from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. Argus cut their price target on MetLife from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Finally, Langen Mcalenn reaffirmed a “buy” rating on shares of MetLife in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. MetLife presently has an average rating of “Buy” and a consensus price target of $58.40.

MetLife, Inc. (NYSE:MET) traded down $0.58 during trading hours on Wednesday, reaching $53.04. The company’s stock had a trading volume of 4,131,200 shares, compared to its average volume of 5,738,007. MetLife, Inc. has a 1 year low of $44.26 and a 1 year high of $55.91. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $56,424.27, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.49.

MetLife (NYSE:MET) last released its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.19. MetLife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. sell-side analysts expect that MetLife, Inc. will post 4.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 6th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.02%. MetLife’s dividend payout ratio (DPR) is currently -320.00%.

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MetLife Company 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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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