Windward Capital Management Co. CA Has $6.40 Million Stake in Metlife Inc (NYSE:MET)

Windward Capital Management Co. CA lifted its holdings in Metlife Inc (NYSE:MET) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,540 shares of the financial services provider’s stock after buying an additional 15,572 shares during the quarter. Windward Capital Management Co. CA’s holdings in Metlife were worth $6,398,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Franklin Street Advisors Inc. NC boosted its position in shares of Metlife by 1.7% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 153,841 shares of the financial services provider’s stock worth $7,778,000 after purchasing an additional 2,556 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Metlife by 1.2% in the 4th quarter. DnB Asset Management AS now owns 93,039 shares of the financial services provider’s stock worth $4,704,000 after purchasing an additional 1,100 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Metlife in the 4th quarter worth $1,279,000. Aurora Investment Counsel acquired a new stake in shares of Metlife in the 4th quarter worth $2,379,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Metlife by 5.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,762,193 shares of the financial services provider’s stock worth $143,496,000 after purchasing an additional 147,992 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on MET shares. Morgan Stanley raised their price objective on Metlife from $54.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded Metlife from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. ValuEngine lowered Metlife from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 10th. FBR & Co lowered Metlife from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $53.00 to $52.00 in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group began coverage on Metlife in a research note on Wednesday, October 18th. They issued a “conviction-buy” rating and a $61.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. Metlife has a consensus rating of “Hold” and a consensus price target of $57.65.

In related news, insider Christopher G. Townsend sold 55,712 shares of Metlife 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 sale, the insider now directly owns 25,181 shares in the company, valued at approximately $1,367,076.49. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.32% of the company’s stock.

Metlife Inc (NYSE MET) traded down $0.83 during trading hours on Friday, hitting $47.56. The stock had a trading volume of 9,583,793 shares, compared to its average volume of 6,670,000. Metlife Inc has a 52-week low of $44.43 and a 52-week high of $55.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $50,050.00, a PE ratio of 103.39, a PEG ratio of 1.08 and a beta of 1.31.

Metlife (NYSE:MET) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $15.47 billion. During the same period last year, the firm earned $1.28 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts expect that Metlife Inc will post 4.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s payout ratio is 347.83%.

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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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