North Star Investment Management Corp. Purchases 1,515 Shares of Metlife Inc (MET)

North Star Investment Management Corp. grew its position in shares of Metlife Inc (NYSE:MET) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,195 shares of the financial services provider’s stock after purchasing an additional 1,515 shares during the quarter. North Star Investment Management Corp.’s holdings in Metlife were worth $819,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Metlife by 0.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 38 shares in the last quarter. Aspen Investment Management Inc increased its holdings in Metlife by 0.7% in the 2nd quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 50 shares in the last quarter. Fairfield Bush & CO. increased its holdings in Metlife by 1.7% in the 2nd quarter. Fairfield Bush & CO. now owns 6,150 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 100 shares in the last quarter. WMS Partners LLC increased its holdings in Metlife by 4.4% in the 2nd quarter. WMS Partners LLC now owns 4,429 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 188 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Metlife by 2.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 11,135 shares of the financial services provider’s stock worth $624,000 after acquiring an additional 216 shares in the last quarter. 76.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Metlife Inc (MET) opened at $53.49 on Friday. Metlife Inc has a one year low of $44.26 and a one year 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 stock has a market cap of $56,290.00, a price-to-earnings ratio of 116.28, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49.

Metlife (NYSE:MET) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.19. Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. sell-side analysts forecast that Metlife Inc will post 4.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 annualized dividend and a yield of 2.99%. Metlife’s dividend payout ratio (DPR) is presently 347.83%.

Several equities research analysts recently commented on MET shares. ValuEngine raised shares of Metlife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Wells Fargo & Co reissued an “outperform” rating and issued a $60.00 price target (up previously from $55.00) on shares of Metlife in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Metlife from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. TheStreet raised shares of Metlife from a “c+” rating to a “b” rating in a report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Metlife from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Metlife currently has an average rating of “Hold” and a consensus target price of $57.90.

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

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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.

Institutional Ownership by Quarter for Metlife (NYSE:MET)

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