AMG National Trust Bank Makes New Investment in MetLife, Inc. (NYSE:MET)

AMG National Trust Bank purchased a new position in shares of MetLife, Inc. (NYSE:METGet Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,422 shares of the financial services provider’s stock, valued at approximately $208,000.

Other institutional investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. acquired a new position in shares of MetLife during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of MetLife during the 2nd quarter worth approximately $28,000. Jones Financial Companies Lllp increased its holdings in shares of MetLife by 1,065.8% during the 2nd quarter. Jones Financial Companies Lllp now owns 443 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 405 shares during the last quarter. Citizens National Bank Trust Department acquired a new position in shares of MetLife during the 2nd quarter worth approximately $28,000. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in shares of MetLife by 307.7% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 477 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 88.15% of the company’s stock.

Insider Activity

In other news, EVP Bill Pappas sold 5,000 shares of the stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $75.55, for a total value of $377,750.00. Following the completion of the sale, the executive vice president now owns 65,147 shares of the company’s stock, valued at $4,921,855.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Susan M. Podlogar sold 3,000 shares of the stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $71.91, for a total value of $215,730.00. Following the completion of the sale, the executive vice president now owns 46,193 shares of the company’s stock, valued at $3,321,738.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bill Pappas sold 5,000 shares of the stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $75.55, for a total value of $377,750.00. Following the completion of the sale, the executive vice president now directly owns 65,147 shares of the company’s stock, valued at approximately $4,921,855.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,401 shares of company stock valued at $2,706,824. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group lowered MetLife from a “buy” rating to a “hold” rating and decreased their price objective for the company from $86.00 to $82.00 in a report on Friday, December 9th. Wells Fargo & Company upped their price objective on MetLife from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 18th. Citigroup upped their price objective on MetLife from $77.00 to $84.00 in a research report on Wednesday, November 16th. JPMorgan Chase & Co. upped their price objective on MetLife from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 6th. Finally, Morgan Stanley upped their price objective on MetLife from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.18.

MetLife Price Performance

MetLife stock opened at $70.97 on Wednesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $55.68 billion, a PE ratio of 26.68, a P/E/G ratio of 2.14 and a beta of 1.07. MetLife, Inc. has a 12 month low of $57.41 and a 12 month high of $77.36. The stock has a 50-day moving average price of $73.23 and a two-hundred day moving average price of $68.44.

MetLife (NYSE:METGet Rating) last posted its earnings results on Wednesday, November 2nd. The financial services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.18 by $0.03. The firm had revenue of $23.69 billion during the quarter, compared to the consensus estimate of $19.89 billion. MetLife had a return on equity of 13.60% and a net margin of 3.26%. Analysts expect that MetLife, Inc. will post 7.04 EPS for the current year.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.82%. MetLife’s payout ratio is 75.19%.

MetLife Profile

(Get Rating)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. 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, 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.

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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